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PUBLIC DOCUMENT .... .... No. 9.
FORTY-THIRD ANNUAL REPORT
or THE
Insurance Commissioner
Commflnfofaltk of $$tassaKbtts*tis*
January 1, 1898.
PART I.
FIRE AND MARINE INSURANCE.
BOSTON :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 Tost Office Square.
1898.
nm i mm,
STATE HOUSE, BOSTON.
Af ; " 1898
.
TABLE OF CONTENTS.
[For Index to Companies, see end of volume.]
COMMISSIONER'S REPORT.
PAGE
Introductory, ...... v
Companies authorized during 1897, v
Companies admitted since Jan. 1, 1898, vi
Companies ceasing to do business during 1897, ...... vi
Annual statement blank, viii
Reinsurance in unauthorized companies, ....... ix
Opinion of the Attorney-General, x
Risks in a town or fire insurance district, ...... xiii
The Fire Marshal's accounts, xiv
Insolvent mutual fire insurance companies, xiv
State Fire Marshal's report, xvii
The resignation of Hon. George S. Merrill, xvii
Receipts and expenses of the department, xviii
Comparative tables, . xix
Massachusetts Mutual Fire Insurance Companies:
Comparative Table A, xxi
Massachusetts Mutual Fire-Marine Insurance Companies :
Comparative Table B, .......... . xxi
Massachusetts Joint-Stock Insurance Companies :
Comparative Table C, xxii
Insurance Companies of Other States:
Comparative Table D, .......... xxiii
United States Branches of Foreign Insurance Companies :
Comparative Table E, xxiv
Aggregates of all the companies, xxv
Massachusetts Business :
Comparative Table F, .......... . xxvi
Table G. — Fire risks written, premiums received and losses incurred in
Massachusetts, xxvi
Statistical tables, . xxvii
IV
TABLE OF CONTENTS.
Mass\chusetts Mutual Fitje Insurance Companies:
Table I. —Risks, assets, liabilities and surplus, .
Table II. — Gross cash income and expenditures, premiums, losses and
expenses,
Massachusetts Mutual Marine Insurance Companies :■
Table III. — Guaranty fund, scrip, risks, assets, liabilities and surplus, .
Table IV. — Gross cash income and expenditures, premiums, losses and
expenses,
PAGE
xxvni
XXX
XXXU
XXX11
Massachusetts Joint-Stock Insurance Companies:
Table V. — Cash capital, risks, assets, liabilities and surplus, . . . xxxiii
Table VI. — Risks written, premiums received and losses paid, . . xxxiv
Table VII. — Gross cash income and expenditures, expenses and dividends, xxxiv
Insurance Companies of Other States:
Table VIII. — Cash capital, risks, assets, liabilities and surplus, .
Table IX. — Risks written, premiums received and losses paid,
Table X. — Gross cash income and expenditures, expenses and dividends,
United States Branches :
Table XI. — Showing deposits, etc.,
Table XII. — Income, expenditures, expenses, etc.,
xxxv
xlii
xlvi
liv
Massachusetts Business in Detail :
Table XIII,
Table XIV. — Receipts and expenditures of the insurance department,
lvi
lxii
DETAILED STATEMENTS.
Massachusetts mutual fire companies, ......
Massachusetts mutual marine companies,
Massachusetts joint-stock fire, marine and fire-marine companies,
Fire, marine and fire-marine insurance companies of other States,
United Slates branches of foreign companies, ....
1
89
97
117
401
Appendix,
499
Cammmitoealily of lltassatfmsttig.
Insurance Department, Boston, April 5, 1898.
To the Honorable the Senate and House of Representatives.
Herewith is submitted, in compliance with the provisions of
law, Part I., relating to fire and marine insurance, of the forty-
third annual report of the Insurance Commissioner.
Since the last annual report the changes in companies au-
thorized to transact in this Commonwealth the branches of
insurance dealt with herein are as follows : - —
Companies authorized during the Year 1897.
NAME OF COMPANY.
Location.
Date of Authority.
Aachen and Munich, . • .
Insurance Company, State of New
York.
Farmers' Fire,
Harvard Mutual,*
Home Mutual,
Grand Rapids Fire,
Buffalo Commercial, .
Merchants' and Manufacturers'
German Alliance,
Transatlantic,
Reliance Marine, .
Assurance Company of America,
Underwriters at American Lloyds,
Broadway, .
Erie Fire,
Baloise Fire,
National Fire,
Alliance Assurance,
Netherlands Fire,
Law Union and Crown,
North British and Mercantile,
Northern, ....
Lincoln Fire,f
Germany, .
New York, .
York, Pa., .
Boston,
San Francisco,
Grand Rapids,
Buffalo,
Baltimore, .
New York,
Germany,
England,
New York,
New York,
New York,
Buffalo,
Switzerland,
Baltimore, .
England,
Holland,
England,
New York, .
New York, .
New York, .
January 21.
January 21.
January 25.
February 3.
February 12.
February 15.
February 15.
February 25.
February 27.
March 4.
March
March
March
April
June
July
August
August
9.
23,
27.
24.
15.
19.
4.
6.
13.
14.
August
August
September 2
December 4
December 31
* This company practically did no business, and the directors voted, Feb. 15, 1898, to
discontinue, and close its affairs.
f The authority of this company was revoked April 2, 1898, an examination by the
New York department disclosing an impairment of over $250,000.
VI
REPORT OF THE
Companies admitted since Jan. 1, 1898.
NAME OF COMPANY.
Location.
Date of Authority.
Rockford, ......
Rockford, 111.,
January 1.
State Fire,
England,
January 6.
Washington Assurance,
New York, .
February 2.
Liverpool and London and Globe,
New York, .
February 3.
Magdeburg Fire,
New York, .
February 9.
Wisconsin Fire,
Milwaukee,
March 9.
Lafayette Fire,
New York, .
March 9.
Southern, ......
New Orleans,
March 11.
Millers' National, ....
Chicago, 111.,
March 14.
North River, .....
New York, .
March 15.
International, .....
New York, .
March 18.
Caledonian-American, ....
New York, .
March 29.
Traders',
New York, .
April 1.
American, . . .
Baltimore, .
April 5.
Companies ceasing to do Business during the Year 1897.
NAME OF COMPANY.
Location.
Date.
Remarks.
Eastern Mutual,
Boston,
Feb. 2,
Fred'k H. Kidder, re-
ceiver.
Ash field Mutual,
Ashfield, .
Feb. 12,
Directors voted to can-
cel policies.
Reliance Marine,
England, .
Mar. 3,
License revoked.*
Continental Mutual, . .
Boston,
Mar. 22,
Edw'd I. Baker, re-
ceiver.
Assurance Lloyds of
New York,
April 1,
Reinsured in Assur-
America.
ance Company of
America.
Old Colony Mutual,
Boston,
April 2,
Wm. B. French, re-
ceiver.
W T estford Mutual, .
Westford, .
May 1,
Policy holders voted to
dissolve.
Eagle Mutual, .
Boston,
May 17,
R. D. Weston-Smith,
receiver.
Franklin Mutual,
Greenfield,
May 28,
Reinsured in Globe
Insurance Company.
New England Mutual, .
Boston,
July 6,
Henry A. Wyman, re-
ceiver.
Business Men's Mutual, .
Boston,
July 27,
Reinsured in Fire-
men's, Maryland.
* Readmitted March 9.
INSURANCE COMMISSIONER. VI I
The companies now transacting business pertaining to fire
or marine insurance in Massachusetts, including those admitted
since Jan. 1, 1898, are classified as follows : —
Massachusetts Mutual Fire, 46
Massachusetts Mutual Marine, 3
Massachusetts Joint-stock, 6
Companies of other States, . . . . . 117
United States branches of foreign companies, . . 43
Total, . 215
Especial attention is called to the list of companies which
ceased to do business during the year 1897, Six of them
were small mutual fire insurance companies, a majority of
which never had an excuse for life, and the most becoming
thing they ever did was to leave it. Their existence was a
public scandal, and gives a perfect illustration of the evil uses
to which good laws may be put, or, perhaps better, shows
how, under the same code of laws, companies are begotten
which are a reproach to every principle of decency in business
or morals, and go down to an early grave in dishonor, while
others pursue a career marked by honorable and fair dealing,
and take their places among the useful institutions of the State.
The difference is in those who manage them. Laws cannot be
made fast enough to restrain some men. They are constantly
looking for weak places through which they may break and get
at the dollar just in sight. Stop the place by a statute, and
another weak spot is soon found. Thus it is a contest of wits
between law makers and certain men who desire to prey upon
their fellows in spite of the law. The enactments relating to
mutual fire insurance companies in the last three or four years
will bear out this statement. Just now it looks as if the laws
have the best of it ; but there is no knowing where the next
outbreak will come.
Of course these strictures do not apply to all the attempts
to organize mutual fire insurance companies in this State within
the past three or four years ; but in too many cases they were
conceived in greed, managed scandalously if not criminally,
and thrown aside when they would no longer serve the selfish
purpose of their sponsors. The insuring public has suffered by
them, the good name of the State has been smirched, and re-
VI 11 REPORT OF THE
flection cast upon the fair reputation of those mutual companies
which for years have been pursuing and are still pursuing the
honest and even tenor of their way. The worst is apparently
over, but no one can read the record of the past without regret.
Annual Statement Blank.
The form of blank furnished by this department to the fire
and marine companies for making statements of their financial
condition was the outcome of the first convention of State
insurance officials, which was held in New York in 1871-72.
Indeed, one main purpose of the gathering was to unite, if
possible, upon a uniform blank, in which should be combined
all the good points which the wisdom and experience of the
department officials could suggest and agree upon. The subject
was earnestly and thoroughly discussed by the best-informed
and most expert men in the insurance business, and the result
was a blank which was continued in use by most of the States,
without change, until modified by the convention in St. Paul,
Minn., in 1877, by an amendment suggested by Hon. John A.
McCall, then insurance commissioner of New York, which pro-
vided for computing the unearned premium upon a pro rata
basis.
There were no further important changes until 1881, when
the committee on blanks recommended the present form of in-
come statement, which was adopted and has remained with
practically no change since that time.
In 1892 the question of amendments again came up by the
presentation of a report by the committee on blanks, consisting
of J. A. McEwen of Ohio, Aug. F. Harvey of Missouri, J. J.
Brinkerhoff of Illinois and Isaac Yanclerpoel of New York. It
appears from the report of the official proceedings that this
committee entered upon its work with the intention of com-
pleting a blank which would meet all requirements. Several
months prior to the meeting of the convention a specimen
blank which met the approval of the committee was submitted
to the officials of the insurance department of each State and
Territory, with a request that it be examined and a report be
made of the views of the various departments concerning it.
From twenty-two States came a favorable reply ; Arkansas,
INSURANCE COMMISSIONER. IX
Connecticut and Iowa declined to put the blank in use, and the
rest of the States failed to respond.
When the matter came before the convention it was thoroughly
discussed, and the convention recommended the readoption of
the blank, with no dissenting vote. The great purpose of these
conferences and discussions was to secure a blank which should
show the financial condition of the companies in sufficient de-
tail, and be acceptable to all the departments, thus establishing
a uniformity of requirement of the companies which would ren-
der their work in making statements much less burdensome
than under an order of procedure where each State acted in-
dependently of every other. This may be said to have been
fairly well accomplished, when the last convention, disregard-
ing the protests of many of the State officials, adopted a new
blank, which, not being acceptable to many of the States, de-
stroyed the uniformity that had been secured after the expendi-
ture of so much time and effort.
This new blank is alleged to be more logical and scientific
than the old, but it adds nothing to its clearness or comprehen-
siveness. The change is therefore to be deplored not only by
the companies but by the departments, which have a realizing
sense of the immense amount of labor it entails to make such
a radical departure, — labor that would be rewarded by no
valued additional information which would at all compensate
for the confusion and expense of the change. The elaborate
statement called for by this new blank did not appear to this
department, and to several others as well, to justify the labor
and expense of changing the entire system of accounts of the
companies, nor the vexations and endless correspondence in-
evitable to the department official who conscientiously makes
an audit of the statements coming to him ; and for that reason
the Insurance Commissioner decided to retain the blank which
has served so good a purpose, and to make no change unless
the necessity therefor can be made more apparent.
Reinsurance in Unauthorized Companies.
The apparently contradictory provisions of sections 20 and
84, chapter 522, Acts of 1894, having caused a difference of
opinion among underwriters as to their rights and duties under
X EEPOET OF THE
said sections, it was deemed expedient to refer the matter to
the Attorney-General for his official opinion as to the proper
interpretation of the provisions of the sections in question.
His reply was as follows : —
Commonwealth op Massachusetts,
Office of the Attorney-General, Boston, Dec. 1, 1897.
Frederick L. Cutting, Esq., Insurance Commissioner.
Dear Sir: — Your letter of Nov. 4, 1897, requires my opinion
upon the following question : Have insurance corporations organized
under the laws of another State or government, and duly admitted
to do business in this State, authority to effect reinsurance on Massa-
chusetts risks in corporations not authorized to do business in this
Commonwealth ?
Statutes 1894, chapter 522, section 84, provides in terms that u No
company of another State or government shall, directly or indirectly,
contract for or effect reinsurance on any risk in Massachusetts with
any company not authorized to do business therein." If this provi-
sion is not modified by any other statute, it furnishes a conclusive
answer to your question.
It is probable that your question was suggested by the apparently
contradictory provision of section 20 of the same statute from which
the above provision is quoted. That section is as follows : " If any
company authorized to transact the business of insurance in this
Commonwealth shall, directly or indirectly, contract for or effect any
reinsurance of any risk or part thereof taken by it, it shall make a
sworn report thereof to the Insurance Commissioner at the time of
filing its annual statement, or at such other time as he may request ;
and such reinsurance, except so far as it is in companies authorized
to do business in this Commonwealth, shall not reduce the reserve
required of it or the taxes to be paid by it, or increase the amount it
is authorized to have at risk in any town or fire insurance district."
Inasmuch as this provision seems to recognize reinsurance with com-
panies not authorized to do business in this Commonwealth, there is
an apparent contradiction between the two provisions.
It is to be observed, however, that the section last quoted is not
limited to insurance in Massachusetts. I am of the opinion, therefore,
that the provision in section 84 above quoted is to be construed as a
proviso or limitation of the general provisions in section 20. Taking
the two sections thus together, they amount to a requirement that in
all cases of reinsurance by a company of any risk, whether within or
without the Commonwealth, a sworn report thereof shall be made to
the Insurance Commissioner, and that such reinsurance (excepting
in companies authorized to do business in the Commonwealth) shall
INSURANCE COMMISSIONER. XI
not reduce the reserve required or the taxes to be paid ; provided,
that no reinsurance of any rule in Massachusetts shall be made wi'h
any company not authorized to do busi?iess in the Commonwealth.
Thus construed, the provisions are not inconsistent.
Your question is, therefore, to be answered in the negative.
Yours very truly,
Hosea M. Knowlton, Attorney- General.
This opinion was at once sent to all fire insurance companies
authorized to transact business in this Commonwealth, for their
information and guidance. By some it was received with pro-
fessions of surprise, and apparently regarded as based upon a
new law, of which they were in ignorance. As a matter of
fact, the prohibition contained in section 84 was enacted in
1870, chapter 349, section 1 ; then re-enacted in the codifica-
tion of lb81, Public Statutes, chapter 119, section 224; again
in 1884, chapter 120; again in 1887, chapter 214, section 20;
and in 1891, chapter 368.
In 1894, chapter 137 was enacted, which provided for the
reinsurance of Massachusetts risks in companies not authorized
to do business therein, and also repealed all acts inconsistent
therewith ; which repeal covered the prohibitory provisions in
question, and went into effect March 20, 1894.
During the same year the codification of the insurance laws
was adopted, becoming chapter 522 of the Acts of that year;
and in section 84 of that codification, which took effect June
25, again appeared the prohibitory clause in question, having
thus been off the statute book from March 20 to June 25,
1894, since which latter date it has remained as an important
part of section 84.
The central idea of this prohibition has been very largely
obscured by interested agents and brokers. The purpose was
primarily and mainly to secure to property owners their insur-
ance protection in such companies only as were able to show
resources sufficient to comply with the standard of solvency
and safety set up by the State for our own State companies,
and for such outside companies as desired to participate in the
business.
A secondary consideration was that such companies as
complied with the law, established responsible local agencies
convenient to our people, submitted to the State regulations
XI 1 REPORT OF THE
and contributed to the charges necessary for the proper super-
vision and control of the business, should have whatever
preference and protection seemed reasonable and practicable.
No difficulty was found in this, nor did any question ever arise
as to its entire propriety.
But in progress of time and the development of commercial
enterprises it began to be found that here and there an aggre-
gation of property appeared for which the authorized companies
were either unable or unwilling. to afford the full protection
desired. Such cases have ever been extremely few, but, in
order to meet them in the fullest measure, section 83 was
enacted, which authorized the commissioner to confer special
authority upon the agent or broker having the insurance of
such property in charge to go outside of the authorized list and
obtain the balance of protection requisite. In order that there
might be no inducement to the agent to use this privilege
except upon emergent occasion, a burden was placed upon him
of obtaining a special license, and requiring him in each case,
before availing of it, to make affidavit that he had made appli-
cation to and was unable to obtain from all the authorized
companies the desired protection. There was also required a
tax upon such premium double that paid by authorized com-
panies. This measure furnished the needed relief, and no cavil
or complaint has ever been made of its complete adequacy to
its intended purpose.
But in later time an altogether new project has shown itself,
which, while having no merit in itself, and in tendency subver-
sive of every effort to keep the business under proper observa-
tion and restriction, has attempted speciously to attach itself
to the beforenamed occasional need for extra insurance in jus-
tification of its existence. Allusion is here made to the per-
sistent attempts of a few agents of foreign companies to procure
such modification of the law as will permit them at once and
without ceremony to reinsure any or all of their writings in
any companies of foreign countries that best suit their con-
venience, thus making themselves virtually and actually local
agents of companies wholly unknown, which give no employ-
ment to our capital or people, contribute nothing to the ex-
penses of protecting the business, but are mere absorbers of
whatever profit may result from an unjust, unfair and unneces-
sary competition. A specious and unworthy plea is the great
INSURANCE COMMISSIONER. Xlll
wealth, strength and honor of the foreign companies, as con-
trasted with our own.
The direct tendency and inevitable result of the successful
outcome of this scheme would be to give a few branches of
foreign companies the entire insurance business of the State.
It would be a measure of great and profitable advantage to
them, inasmuch as it is vastly easier and cheaper to write a
policy for one or two hundred thousand dollars and toss it
across the sea by mail to be disposed of, than to have to dis-
tribute it in fractions among the authorized companies ; be-
sides, also, the commission could easily be much more liberal.
Under an evident misunderstanding of facts, the merchants
in several cases have been led to lend their influence to this
scheme, not one of whom, it is believed, under a fair presenta-
tion would have given it countenance. Suppose, for instance,
the merchant should sit down and let the boot be fitted on the
other foot. Let all laws for the protection and convenience of
his trade be repealed, and the door be thrown open to foreign
agents soliciting and seducing away his customers, clamorous
and zealous from the better commissions their principals' im-
munity from certain expenses enabled them to allow, — does
any one doubt that the merchants would think they ought to
be protected from such competition by the laws ? If the mer-
chants, why not the insurance companies, — especially when
the latter are willing that it shall be made easy for the pub-
lic to procure in companies not authorized the insurance that
capital duly authorized to do business here declines to assume-.
If this view of the case prevails, and the prohibition which
prevents the reinsurance of property in Massachusetts in com-
panies not authorized still remains in force unless authorized
capital refuses to take the risk seeking protection, it will be a
happy solution of the question.
Eisks in a Town or Fire District.
The repeal by the present Legislature of section 56 of chapter
522, Acts of 1894, which limited the amount of insurance a
company might carry in any one town or fire district, removed
a provision of law, which, while of value when enacted, had
become obsolete, and, however good the intention, very diffi-
cult to comply with, owing to many changes in the boundary
lines. The stringent building laws of this city have decreased
XIV REPORT OF THE
the conflagration hazard ; and, moreover, companies are now
so conservative that it is believed to be a rare exception when
one has at risk in any district, as originally laid out, an amount
in excess of what the law allowed, — and this not because the
statute law forbids it, but rather because the law of conserva-
tive and discreet management interposes its prohibition. The
section had therefore become useless, and, further, placed a
burden upon the companies of making to this department cer-
tain returns of no value. Its repeal could therefore be safely
recommended from the point of view of the public, and un-
answerably advocated by the insurance companies.
The Fire Marshal's Accounts.
At the time the office of the State Fire Marshal was estab-
lished, a provision was inserted in the law which required that
the accounts of that bureau be audited by this department.
After audit here they then went to the regular office estab-
lished for the purpose of auditing State accounts, and were
again subjected to official scrutiny. It seemed to the com-
missioner that this double audit was a waste of time, and he
therefore recommended that these accounts go directly to the
State Auditor's department, and not be diverted from the usual
course of bills against the State by being subject to a prelimi-
nary approval by another department. This view of the case
commended itself to the present Legislature, with a result that
repeals so much of chapter 444, Acts of 1894, as relates to the
auditing of the Fire Marshal's accounts by this department.
Insolvent Mutual Fire Companies.
The following paragraphs afford a brief statement of the con-
dition of the insolvent mutual fire insurance companies whose
affairs are now in the hands of receivers or have been adminis-
tered upon by receivers during the past year : —
Bay State Mutual Fire, Herbert Parker, Worcester, receiver,
appointed Dec. 28, 1895.
[An assessment was levied by the receiver Dec. 1, 1897, amounting to
$233,333 83, which was one and one-half times the cash premium
on every policy ever issued; amount collected December 31,
$5,044 39 ; adjusted claims unpaid, $17,003.03, not including con-
tested claims of f 736.87 ; estimated expenses incurred, unpaid,
$5,000.]
INSURANCE COMMISSIONER. XV
Central Mutual Fire, R. D. Weston-Smith, 53 State Street,
Boston, appointed receiver May 1, 1896.
[Final report filed July 9, 1897, and receiver discharged, all bills hav-
ing been settled without an assessment upon the policy holders.]
Colonial Mutual Fire, W. O. Underwood, 50 State Street,
Boston, appointed receiver Dec. 23, 1895.
[Assessment of $30,000 levied March 5, 1897, to cover claims amount-
ing to $16,269.40 and expenses of receivership ; amount of assess-
ment collected December 31, $10,731.59 ; all claims paid except
receiver's compensation; balance in hands of receiver, $6,359.81]
Commerce Mutual Fire, Godfrey Morse, 53 State Street,
Boston, appointed receiver July 3, 1896.
[Assessment of $4,000 levied Oct 12, 1896, to cover a liability of
$1,803.08, of which $1,617 27 had been paid December 31; total
receipts of the receiver, $1,668.82, and the disbursements for ex-
penses $126.30, leaving a balance of $1,512.52 in the hands of
receiver.]
Commonwealth Mutual Fire, William B. Stevens, 209 Wash-
ington Street, Boston, receiver, appointed May 28, 1895.
[Assessment for $250,000 confirmed by supreme court March 25, 1896,
of which $69,391.09 had been collected December 31 ; dividend of
50 per cent, already paid on return premiums and claims, and the
receiver has a balance in hand of $29,101.44; total amount of
liabilities unpaid, $15,507.53.]
Continental Mutual Fire, Edward I. Baker, 53 State Street,
Boston, receiver, appointed March 24, 1897.
[No assessment levied by receiver, but receiver collected unpaid as-
sessments as levied by the officers, and all bills except the com-
pensation of receiver were settled before December 31, when a
balance of $1,585.05 remained.]
Eagle Mutual Fire, R. D. Weston-Smith, 53 State Street,
Boston, appointed receiver May 14, 1897.
[Amount of liabilities of company unpaid, contested claims included,
$7,899.42; assessment in process December 31, the amount of the
same being $9,909.05.]
Eastern Mutual Fire, Fred H. Kidder, 82 Devonshire Street,
Boston, appointed receiver Feb. 2, 1897.
[By agreement with creditors, no assessment has been levied ; re-
ceipts to December 31, $5,199.27 ; expenses paid, $371 18 ; leaving
a balance in the hands of receiver of $4,828.09.]
XVI REPORT OF THE
Excelsior Mutual Fire, Edward I. Baker, 53 State Street,
Boston, appointed receiver June 12, 1896.
[No assessment levied by receiver, and all claims have been paid,
funds distributed and receiver discharged.]
Melrose Mutual Fire, Alpheus Sanford, 70 Kilby Street,
Boston, appointed receiver Nov. 20, 1895.
[Assessment of $40,420.77 levied on account of liability of $10,233.80,
which was confirmed by the supreme court May 11, 1897 ; amount
of assessment collected to date, $5,464.29 ; no claims have yet been
settled, but expenses amounting to $3,380 have been paid, leaving
a balance of $2,121.32.]
Milford Mutual Fire, Wendell Williams, Milford, appointed
receiver May 26, 1896.
[Liabilities unpaid, about f 24,000 ; balance in receiver's hands, $24,-
398.95 ; no assessment contemplated ]
New England Mutual Fire, Henry A. Wyman, 53 State
Street, Boston, appointed receiver July 6, 1897.
[No assessment has been or will be levied ; an effort is being made to
collect the unpaid portion of the one levied by the corporation
prior to the receivership ; balance on hand December 31, $ 3,437.64.]
Old Colony Mutual Fire, William B. French, 89 State
Street, Boston, appointed receiver April 3, 1897.
[Total liabilities unpaid, about $40,000. The court dismissed the peti-
tion for assessment upon the ground that " It appears in effect that
only resident policy holders can be relied onto pay an assessment,
and nearly all of these have already paid sums which were as-
sessed in good faith as sufficient for the purpose, and which prob-
ably are their full proportionate share of the losses incurred."
Receiver discharged, with an excess of expenses over receipts
amounting to $162. G9.]
Patrons' Mutual Fire, Robert H. Leland, 209 Washington
Street, Boston, appointed receiver Nov. 14, 1895.
[Amount of assessment levied, $20,000, to cover a liability of $5,981.13
and expenses. Claims have all been paid, and a balance of $217.80
remained in I'eceiver's hands December 31.]
Standard Mutual Fire, R. D. Weston-Smith, 53 State Street,
Boston, appointed receiver April 14, 1896, and discharged
July 9, 1897, no assessment having been found necessary.
INSURANCE COMMISSIONER. XV 11
Suffolk Mutual Fire, James C. Davis, 65 Mason Building,
Boston, appointed receiver March 22, 1895.
[An assessment of $49,787.92 was levied, of which $24,985.09 had been
collected December 31 ; all claims paid except $ 152.52 ; balance in
hands of receiver, $236.30.]
Wachusett Mutual Fire, Charles E. Ware, FHchburg, Mass.,
appointed receiver May 13, 1896.
[Assessment of $91,472.35, levied Dec. 28, 1897, to cover liabilities
amounting to $27,101.02; total receipts of receiver, $16,079.83;
total disbursements, $6,948.92, of which $5,500 was for compromis-
ing claims and paid by order of the court; balance on hand,
$9,130.91]
State Fire Marshal's Report.
In the Appendix of this volume will be found the statistical
report of the State Fire Marshal, made to this department
in accordance with the requirements of chapter 444, Acts of
1894.
The Eesignation of Hon. George S. Merrill.
The retirement of Hon. George S. Merrill from the position
of Insurance Commissioner, on account of impaired health and
consequent inability to maintain the activities of the office,
makes at least a brief reference to his services in that position
appropriate at this time.
Coming into the office in full vigor and with a large experi-
ence in dealing with public men and affairs, yet with no special
training or knowledge of the subjects to be handled, his quick-
ness of apprehension of new subjects, his steady application and
great facility of expression soon rendered him conspicuous
among the heads of corresponding departments of the various
States. Perhaps the most notable feature among his many
valuable services was his almost single-handed warfare, waged
to triumphant conclusion, against the horde of assessment-
endowment and bond schemers that began to infest and overrun
the State soon after his accession to office. Backed by the
highest legal talent and influence in the Commonwealth, and
incited by the rich spoils in hand and in prospect, the pro-
motors poured the lore of their lawyers and almost unlimited
money into the scale, only to be outweighed and discomfited
XV111 REPORT OF THE INSURANCE COMMISSIONER.
by the commissioner and the tardily returning good sense of
their victims. ^
Great credit and honor are due to him for his splendid ser-
vice in defeating and exterminating these enemies of our Com-
monwealth, Major Merrill is still in life, and has the kindest
and most sincere wishes of every one for his complete restora-
tion to health and activity ; and, while it would be indelicate
to say much at this time in review of his useful services to the
Commonwealth, it was hardly possible to refrain from mention-
ing this one of such conspicuous value.
Receipts and Expenses of the Department.
The receipts for the year 1897 were, with one exception, —
1894, — the largest in the history of the department, the
amount turned over to the State Treasurer being $65,908.30,
which was $7,020.10 in excess of the previous year; the ex-
penses of the department were $38,407.64, leaving a net sur-
plus accruing to the Commonwealth of $27,500.66.
Respectfully submitted, ■
FRED'K L. CUTTING,
Insurance Commissioner.
COMPARATIVE TABLES.
Comparative Table A.
- Massachusetts Mutual Fire Insurance
Companies.
1896.*
1897.f
Increase or
Decrease in 1897.
Assets (including contingent),
133,830,785
$34,568,279
$737,494
Liabilities, ....
5,297,677
5\550,185
252,508
Cash surplus, .
5,179,830
5,393,010
213,180
Income, ....
5,656,675
5,752,972
96,297
Expenditures, .
5,370,893
5,338,307
—32,586
Risks written, .
524,202,443
547,093,073
22,890,630
Net premiums received,
5,140,393
5,276,039
135,646
Risks outstanding, .
839,252,547
860,266,810
21,014,263
Losses paid,
1,557,302
963,079
—594,223
Losses incurred,
1,292,504
990,995
—301,509
Assessments collected,
63,393
16,226
—47,167
Profits returned,
2,852,246
3,492,380
640,134
Expenses, .
943,551
866,079
—77,472
* Fifty-four companies.
f Forty-six companies.
Comparative Table B. — Massachusetts Mutual Fire- Marine
Insurance Companies.
1896.*
1897.*
Increase or
Decrease in 1897.
Assets,
$551,515
$506,896
—$44,619
Liabilitit s,
249,035
184,430
—64,605
Surplus,
302,480
322,466
19,986
Income, .....
354,959
350,915
—4,044
Expenditures, ....
326,121
366,67.7
40,556
Risks written, ....
22,563,386
22,271,281
—292,105
Net premiums received, .
344,556
335,834
-8,722
Losses paid, ....
235,709
268,042
32,333
Losses incurred,
255,277
206,247
—49,030
Risks outstanding, .
8,961,899
9,026,504
64,605
Expenses,
72,429
74,362
1,933
Scrip dividends declared,
-
-
—
Scrip redeemed,
-
-
—
Scrip outstanding, .
656,561
656,561
-
* Two companies.
XX11
REPORT OF THE
Comparative Table C. — - Massachusetts Joint-Stock Insurance
Compayiies.
1896.*
1897.*
Increase or
Decrease in 1897.
Cash capital,
13,800,000
$3,800,000
-
Assets,
9,216,264
9,859,203
|642,939
Liabilities, ....
2,945,380
2,882,733
—'62,647
Surplus, .
6,270,884
6,976,470
705,586
Income,
3,752,358
3,702,245
—50,113
Expenditures,
3,543,202
3,196,121
347,081
Fire risks written,
261,928,207
302,334,426
40,406,219
Fire premiums received (net),
2,562,687
2,530,787
—31,900
Marine risks written, .
58,904,178
61,993,829
3,089,651
Marine premiums rec'd (net),
832,909
782,894
—50,015
Fire losses paid, .
1,313,947
1,145,289
—168,658
Marine losses paid,
724,713
533,202
—191,511
Fire losses incurred,
1,272,223
1,169,561
—102,662
Marine losses incurred,
799,254
540,520
—258,734
Fire risks outstanding, .
385,623,767
380,819,151
—4,804,616
Marine risks outstanding,
6,851,354
6,475,216
—376,138
Expenses, ....
1,168,339
1,181,590
13,251
Cash dividends declared,
336,000
336,000
_
* Six companies.
INSURANCE COMMISSIONER.
XX111
Comparative Table D. — Fire and Marine Insurance Companies
of Other States.
1896.*
1897.f
Increase or
Decrease in 1897.
Cash capital,
$44;655,875
$54,475,732
f9,819,857
Assets, ....
189,374,868
207,578,481
18,203,613
Liabilities, . . .
85,052,607
88,566,897
3,514,290
Surplus, ....
104,322,261
119,011,584
14,689,323
Income,
89,811,081
92,616,648
2,805,567
Expenditures,
80,066,849
81,831,283
1,764,434
Fire risks written,
8,885,022,087
9,667,917,846
782,895,759
Fire premiums received (net),
76,340,743
77,955,973
1,615,230
Marine risks written, .
1,043,318,909
1,549,486,888
506,167,979
Marine premiums rec'd (net),
5,774,696
6,150,230
375,534
Fire losses paid, .
39,723,570
38,469,819
—1,253,751
Marine losses paid,
3,862,024
4,194,035
332,011
Fire losses incurred,
38,489,202
38,938,224
449,022
Marine losses incurred,
3,209,201
5,543,644
2,334,443
Fire risks outstanding, .
11,824,096,045
12,536,085,903
711,989,858
Marine risks outstanding, .
184,229,062
185,275,837
1,046,775
Expenses,
29,729,878
31,448,952
1,719,074
Cash dividends declared,
5,531,202
5,671,681
140,479
* Ninety -one companies.
f One hundred and five companies.
XXIV
REPORT OF THE
Comparative Table E. — United States Brandies of Foreign
Companies,
1896.*
1897.t
Increase or
Decrease in 1897.
Deposit capital,
$8,100,000
|9,100,000
$1,000,000
Assets in United States,
60,626,631
67,625,148
6,998,817
Liabilities in United States, .
36,869,288
39,209,173
2,339,885
Surplus,
23,757,344
28,416,275
4,658,931
Income, ......
46,806,439
49,113,577
2,307,138
Expenditures,
39,796,528
39,510,291
—256,237
Fire risks written, .
5,105,588,412
5,662,124,593
556,536,181
Fire premiums received (net),
53,624,980
42,876,360
—10,748,620
Marine risks written, .
1,516,100,265
1,814,628,539
328,528,274
Marine premiums rec'd (net),
5,479,925
3,887,308
—1,592,617
Fire losses paid, .
22,455,814
21,167,609
—1,288,205
Marine losses paid,
2,569,509
2,291,256
—278,253
Fire losses incurred,
21,846,239
21,615,544
—230,695
Marine losses incurred, .
2,490,072
2,469,559
—20,513
Fire risks outstanding, .
5,945,827,120
6,344,335,002
398,507,882
Marine risks outstanding,
86,213,044
91,485,728
5,272,684
Expenses,
14,771,205
16,081,424
1,310,219
* Thirty-six companies.
t Forty-two companies.
INSURANCE COMMISSIONER.
XXV
Aggregates of all the Companies.
1896.
1897.
Increase or
Decrease in 1897.
Cash capital,
$56,555,875
$67,375,732
$10,819,857
Assets (including contingent
of- mutual companies).
Liabilities, ....
293,600,063
130,413,987
320,138,307
136,393,418
26,538,244
5,979,431
Surplus, ....
139,832,799
160,119,805
20,287,006
Income, ....
146,381,512
151,536,357
5,154,845
Expenditures,
129,103,593
130,272,679
1,169,086
Fire risks written,
14,780,928,104
16,184,664,169
1,403,736,065
Fire premiums received (net),
137,711,553
128,692,557
—9,018,996
Marine risks written, .
2,636,699,783
3,473,186,306
836,486,523
Marine premiums recM (net),
12,389,335
11,102,928
—1,286,407
Fire losses paid, .
65,065,990
61,764,710
—3,301,280
Marine losses paid,
7,376,598
7,267,621
—108,977
Fire losses incurred,
62,914,373
62,734,986
—179,387
Marine losses incurred,
6,739,599
8,739,308
1,999,709
Fire risks outstanding, .
18,998,232,475
20,125,879,176
1,127,646,701
Marine risks outstanding, .
282,822,363
287,890,975
5,068,612
Expenses, ....
46,685,402
49,652,407
2,967,005
Cash dividends declared,
5,867,202
6,007,681
140,479
XXVI
REPORT OF THE INSURANCE COMMISSIONER.
Comparative Table F. — Massachusetts Business.*
Increase or
1896.
1897.
Decrease in 1897.
Fire risks written,
$1,063,078,568
$1,161,264,907
$98,186,339
Fire premiums received,
11,248,934
11,999,382
750,448
Fire losses paid, .
4,604,717
3,733,209
—871,508
Fire losses incurred,
4,801,014
3,785,399
—1,015,615
Marine risks written, .
323,421,805
399,163,363
75,741,558
Marine premiums received, .
1,808,825
1,900,883
92,058
Marine losses paid,
1,371,823
1,434,567
62,744
Marine losses incurred,
1,286,656
1,384,814
98,158
* For details of this business see Table XIII.
Table G-. — ■ Fire risks written. Premiums received and
incurred in Massachusetts.
Losses
Premiums
YEAR.
Fire Risks Written.
Received.
Losses Incurred.
1874
$655,056,069
$8,253,755
$3,676,063
1875
1 a a
, ,
597,478,409
7,232,486
3,221,943
1876
1 a a
, ,
528,211,058
5,974,268
2,738,180
1877
• a a
• «
585,928,271
5,998,124
2,572,185
1878
1 a a
i
558,019,711
5,506,392
2,438,121
1879
, ,
■ a
520,814,369
5,026,482
2,500,451
1880
, ,
, ,
609,132,542
5,479,552
3,005,273
1881
a a
i a
642,542,633
5,845,354
2,884,047
1882
a a •
■ a
686,030,272
6,244,053
4,915,949
1883
, a e a
710,197,514
6,896,367
3,763,949
1884
a • a
65.5,613,160
7,067,149
3,865,956
1885
661,380,951
7,402,583
3,132,235
1886
694,473,662
7,838,425
3,369,294
1887
765,304,046
8,371,714
3,136,774
1888
832,038,483
8,702,006
4,444,322
1889,
825,962,689
8,601,963
9,284,464
1890
871,117,341
9,039,865
3,798,502
1891
863,343,089
8,719,803
5,104,694
1892
960,872,674
10,006,986
4,140,396
1893
1,030,196,564
10,727,167
8,329,015
1894
986,624,142
10,518,365
5,182,490
1895.
1,020,680,686.
11,032,012
4,029,954
1896
1,063,078,568
11,248,934
4,801,014
1897.
1,161,264,907
11,999,382
3,785,399
r
rot*
lis, ,
•
'
$18,485,361,810
$193,733,187
$98,220,670
STATISTICAL TABLES.
XXV111
REPORT OF THE
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Table VI. — Massachusetts Joint- Stock Insurance Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
American, .
Boston Marine, ....
Firemen's,
Mercantile Fire and Marine,
North American,
Springfield Fire and Marine, .
Totals
$22,071,177
38,165,350
12,430,299
21,165,675
17,958,235
190,543,690
$302,334,426
$167,422
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90,976
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114,783
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60,202
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809,542
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$1,145,289
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40.06
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46.34
45.24
Marine Business.
Boston Marine,
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$782,894
$533,202
68.10
Table VII. — Massachusetts Joint-Stock Insurance Companies.
NAME OF COMPANY.
Gross
Cash
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Gross
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penses to Pre-
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Cash
Dividends
Declared.
American,
$190,170
$178,183
$74,226
44.34
$18,000
Boston Marine,
1,135,156
974,721
266,184
26.05
100,000
Firemen's,
127,885
112,286
43,796
48.14
32,000
Mercantile Fire and
195,365
160,378
76,176
44.42
24,000
Marine.
North American,
133,337
141,096
51,293
44.67
12,000
Springfield Fire and
Marine.
1,920,332
$3,702,245
1,629,457
669,915
$1,181,590
38.35
150,000
Totals,
$3,196,121
46.70
$336,000
* Excluding losses, dividends, return premiums and drawbacks and premiums on reinsurance.
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REPORT OF THE
Table IX. — Insurance Companies of Other States.
business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
iEtna,
Agricultural,
Albany,
American (Newark),
American Central, .
American Fire (New York), .
American Fire (Philadelphia),
American Lloyds, . .
Armenia, .....
Assurance Company of America,
Atlantic Mutual,
Broadway,
Buffalo Commercial,
Buffalo German,
Capital Fire,
Citizens' (New York),
Citizens' (St. Louis),
Colonial Assurance, .
Commerce,
Commercial Union, .
Commonwealth,
Concordia,
Connecticut Fire,
Continental, . .
Delaware, .
Detroit Fire and Marine,
Eastern, ....
Empire City,
Equitable Fire and Marine,
Erie Fire, ....
$373,663,206
182,813,100
12,167,990
77,670,872
75,371,350
89,776,420
138,399,924
33,964,151
15,995,233
71,575,088
24,413,761
10,592,021
39,593,119
19,756,876
67,158,723
25,627,281
44,978,268
13,753,133
11,965,801
24,633,627
46,294,786
155,122,989
463,225,461
80,787,561
21,131,882
40,932,978
9,081,511
30,014,757
18,478,275
13,640,131
869,714
96,233
535,150
762,789
505,999
1,281,611
234,561
191,621
322,985
170,010
93,740
347,163
191,575
444,593
303,904
297,868
124,449
57,771
175,015
414,239
1,656,658
3,648,085
719,884
184,437
213,718
62,382
276,148
155,704
$1,830,810
489,384
52,235
222,027
411,298
232,466
696,703
115,157
105,064
49,462
50,245
43,537
178,702
83,086
258,271
148,647
143,104
60,823
34,854
44,774
184,116
802,786
1,658,913
356,493
74,591
53,515
32,739
133,464
21,429
50.30
56.27
54.29
41.48
53.92
45.97
54.35
49.10
54.82
15.31
29.56
46.45
51.47
43.37
58.10
48.90
48.04
48.89
60.43
25.58
44.45
48.45
45.48
49.52
40.45
25.05
52.49
48.35
13.76
INSURANCE COMMISSIONER.
xliii
Table IX — Insurance Companies of Other States — Continued.
Fire Business — Continued.
NAME OP COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Farmers' Fire,
i
$37,292,534
$373,277
$214,418
57.43
Farragut Fire,
15,676,331
117,193
55,148
47.06
Fire Association of Philadelphia, .
297,205,435
2,575,670
1,351,057
52.45
Fire Ins. Company, County of Phila , .
19,574,985
107,548
61,499
57.21
Fireman's Fund,
167,331,860
1,438,306
693,532
48.23
Firemen's (Baltimore)
43,192,901
267,312
124,962
46.76
Firemen's (Newark), .
38,925,963
349,070
149,629
42.85
Franklin Fire, .
49,191,904
443,138
188,670
42.59
German Alliance, .
24,567,407
175,138
23,669
13.52
German American,
415,515,753
2,720,969
1,239,307
45.53
German Fire,
17,728,726
207,162
101,201
48.84
Germania Fire,
206,187,985
1,159,438
431,816
37.26
Girard Fire and Marino, ....
47,162,560
402,523
176,543
43.85
Glen's Falls,
91,636,886
811,384
399,240
49.20
Globe Fire,
94,605,480
600,433
409,055
68.14
Grand Rapids, ......
28,250,497
257,672
121,215
47.03
Granite State,
30,949,284
314,215
151,840
48.31
Greenwich, ......
127,628,414
743,616
396,428
53.31
Hanover,
157,078,712
1,422,325
721,779
50.76
Hartford Fire,
595,427,729
5,711,384
3,212,619
56.26
Home,
645,382,199
4,372,737
2,123,991
48.57
Home Mutual,
32,141,771
318,063
142,893
44.92
Howard Fire,
11,402,412
74,772
21,575
28.86
Insurance Co. of North America, .
618,132,876
3,854,778
1,990,160
51.62
Insurance Co. State of New York,
81,269,151
484,235
231,760.
47.87
Insurance Co. State of Pennsylvania, .
28,533,272
258,939
127,615
49.29
Lincoln,
37,205,045
50,514
2,817
5.58
Lumbermen's
23,594,583
161,759
73,600
45.52
Manhattan Fire,
54,120,849
466,829
382,700
81.98
Manufacturers' and Merchants,' . .
25,181,246
222,888
103,904
46.61
Mechanics',
28,202,915
216,034
110,119
50.97
Merchants' (Newark), .
107,898,761
936,716
463,520
49.48
xliv
REPORT OF THE
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Continued.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Merchants' (Providence),
$26,386,825
$260,058
$131,470
50.56
Merchants' and Manufacturers',
20,522,637
121,581
30,907
25.42
Michigan Fire and Marine,
26,191,693
240,465
120,686
50.19
Middlesex Mutual,
13,226,538
92,584
56,038
60.53
Millers' and Manufacturers', .
8,592,914
175,633
111,742
63.61
Milwaukee Mechanics', ....
92,207,175
988,011
392,032
39.68
National (Hartford), . . . .
217,025,628
2,103,019
975,171
46.37
National (Baltimore)
6,248,260
53,515
13,761
25.71
National Standard,
50,080,005
248,857
79,457
31.93
Newark Fire,
18,884,821
137,808
56,090
40.70
New Hampshire Fire, ....
106,626,111
1,026,388
472,720
45.02
New York Fire,
20,586,111
131,430
47,037
35.80
Niagara Fire,
212,275,658
1,623,595
739,324
45.52
North British and Mercantile (N. Y.),
3,024,900
4,053
-
-
Northern,
20,376,451
70,920
4,231
5.97
Northwestern National, ....
108,041,230
912,788
316,995
34.73
Norwalk Fire,
26,072,616
157,195
53,478
34.02
Norwood
20,133,688
51,378
172,775
336.30
Orient,
123,010,730
1,228,864
680,825
55.39
Pacific Fire
50,251,677
371,886
170,541
45.84
Pennsylvania Fire
224,993,253
1,724,127
897,217
52.04
Phenix (New York), ....
345,151,556
3,349,468
1,740,050
51.96
Phoenix (Hartford),
317,455,825
2,900,036
1,646,585
56.79
Providence Washington, ....
149,700,258
1,057,183
464,728
43.96
Queen,
223,416,166
1,911,331
992,392
51.93
Reading Fire,
33,137,548
331,913
160,224
48.27
Reliance
36,612,055
301,678
130,735
43.32
Rochester German, .....
46,184,430
328,853
127,993
38.92
Rutgers
10,162,532
86,298
44,457
51.52
Schuylkill Fire
13,652,597
182,608
103,390
56.63
Security, .......
55,611,713
443,229
231,325
52.19
Spring Garden,
85,635,572
515,793
234,486
45.46
St. Paul Fire and Marine,
104,644,588
1,295,496
660,659
51.02 •
INSURANCE COMMISSIONER.
xlv
Table IX. — Insurance Companies of Other States — Continued.
Fire Business — Concluded.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Ratio of Loss
to Premiums
Received.
Teutonia, .
$30,907,639
$341,066
$176,572
51.77
Traders', ....
6.7,247,669
660,425
325,282
49.26
Union,
33,046,778
297,713
155,145
52.10
United Firemen's, .
29,972,348
254,445
108,516
42.65
United States Fire, .
33,889,845
266,865
118,156
44.21
United States Lloyds,
-
-
-
-
Victoria Fire, .
10,341,770
78,066
24,358
31.20
Westchester Fire,
131,165,231
1,257,407
589,465
46.90
Western, .
18,746,112
183,919
113,540
61.72
Williamsburgh City,
.
78,340,123
593,850
232,258
39.12
Totals,
$9,667,917,846
$77,955,973
$38,469,819
49.28
Marine Business.
^Etna,
$101,436,572
$176,316
$95,833
54.36
Assurance Company of America, .
816,910
27,306
12,173
44.56
Atlantic Mutual, .....
425,082,177
2,280,812
1,333,241
58.44
Citizens' (St. Louis), ....
204,985
1,082
58
-
Continental, ......
-
-
55,728
-
Detroit Fire and Marine, .
2,697,386
33,655
17,947
53.33
Equitable Fire and Marine, .
249,485
1,699
302
17.78
Fireman's Fund,
65,031,020
308,449
229,743
74.48
Clobe Fire,
1,705,700
56,844
16,333
28.73
Greenwich
44,503,809
139,300
76,978
55.26
Home,
74,065,847
191,756
79,405
41.40
Home Mutual, ......
1,882,424
39,580
26,049
65.79
Insurance Co. of North America, .
379,029,726
1,595,352
1,428,276
89.53
Insurance Co. State of New York,
1,705,700
44,667
5,454
12.21
National Standard,
1,633,820
27,306
12,173
44.56
Niagara Fire
-
-
1,287
-
Norwood,
3,892,129
7,938
38,376
483.50
Orient,
1,182,688
28,286
17,652
62.39
Providence Washington, ....
114,165,714
388,127
251,913
64.91
Security,
4,778,205
47,712
27,332
57.28
xlvi
REPORT OF THE
Table IX. — Insurance Companies of Other States — Concluded.
Marine Business — Concluded.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
• Paid.
Ratio of Loss
to Premiums
Received.
St. Paul Fire and Marine,
Teutonia, ... ... .
United States Fire,
UDited States Lloyds, ....
$26,276,377
4,676,088
1,407,693
293,040,426
22,007
$267,141
22,863
31,625
432,223
191
$198,472
9,072
12,741
247,497
—
$4,194,035
74.32
39.68
40.28
57.27
Totals,
$1,549,486,888
$6,150,230
68.20
Table X. — Insurance Companies of Other States.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
JStna,
$4,331,283
$3,896,030
$1,249,388
32.74
$720,000
Agricultural, ....
961,250
965,487
426,158
49.01
50,000
Albany,
121,407
110,051
37,817
39.30
20,000
American (Newark),.
672,375
492,074
208,576
38.97
60,000
American Central,
836,951
779,767
308,460
40.44
60,000
American Fire (New York),
540,509
465,391
216,925
42.87
16,000
American Fire (Philadelphia), .
1,412,900
1,296,875
548,640
42.79
30,000
American Lloyds,
248,700
229,508
84,092
35.84
-
Armenia, .....
210,470
187,720
72,656
37.90
10,000
A ssuranee Company of America,
363,759
131,044
69,409
19.81
-
Atlantic Mutual, ....
2,774,857
3,557,762
422,727
18.53
-
Broadway, .....
178,382
137,850
67,605
39.77
20,000
Buffalo Commercial, .
105,717
78,788
35,251
37.61
-
Buffalo German, ....
435,698
377,991
149,290
43.00
50,000
Capital Fire, ....
210,103
161,267
68,228
35.61
8,000
Citizens' (New York),
488,806
474,428
191,905
43.16
22,346
Citizens' (St. Louis), .
333,347
279,952
119,247
39.08
12,000
Colonial Assurance, .
310,214
240,006
96,902
32.53
-
Commerce,
144,290
129,554
52,731
42.39
16,000
Commercial Union*
64,982
57,962
17,108
29.62
6,000
INSURANCE COMMISSIONER.
xlvii
Table X. — Insurance Companies of Other States — Continued.
Gross Cash
Ratio of
Cash
NAME OF COMPANY.
Gross Cash
Income.
Expendi-
tures.
Expenses.
Expenses to
Premiums
Received.
Dividends
Declared.
Commonwealth, ....
$213,236
$156,901
$67,126
38.36
$45,000
Concordia, ......
450,582
384,875
• 182,759
44.13
18,000
Connecticut Fire, . ,
1,797,217
1,510,868
608,082
36.70
100,000
Continental,
3,964,952
3,263,023
1,349,482
37.01
200,000
Delaware, .....
778,926
719,304
320,638
44.53
42,172
Detroit Fire and Marine, .
286,404
236,707
94,169
43.18
50,000
Eastern
226,874
137,718
74,203
34.72
10,000
Empire City, ....
73,431
73,368
28,629
45.88
12,000
Equitable Fire and Marine,
310,346
270,997
113,881
41.00
18,000
Erie Fire, .....
186,591
96,379
74,950
48.14
-
Farmers' Fire, ....
403,011
361,881
147,463
39.51
_
Farragut Fire, ....
127,376
119,295
52,148
44.50
12,000
Fire Association of Philadelphia,
2,846,818
2,544,183
993,126
38.55
200,000
Fire Insurance Company, County
of Philadelphia.
Fireman's Fund
147,084
1,912,130
131,418
1,700,553
45,920
657,278
42.72
37.62
24,000
120,000
Firemen's (Baltimore), .
293,447
267,202
111,310
41.64
30,240
Firemen's (Newark), .
461,360
352,672
129,638
37.12
72,000
Franklin Fire, ....
586,670
525,557
234,882
53.01
100,000
German Alliance,
183,575
75,379
51,710
29.53
-
German American,
3,000,138
2,480,996
991,689
36.45
250,000
German Fire, ....
238,149
202,291
81,090
39.14
20,000
Germania Fire, ....
1,306,595
977,003
425,188
36.69
120,000
Girard Fire and Marine,
496,574
448,232
202,689
50.36
69,000
Glen's Falls, ....
981,608
774,831
335,591
41.36
40,000
Globe Fire, .
679,089
645,643
208,225
31.68
12,000
Grand Rapids, ....
282,079
231,325
98,110
38.07
12,000
Granite State, .
328,838
265,981
102,141
32.50
12,000
Greenwich, .....
945,473
872,817
379,411
42.97
20,000
Hanover, .....
1,521,020
1,367,481
565,702
39.78
80,000
Hartford Fire, ....
6,108,375
5,560,018
1,972,399
34.53
375,000
Home, ......
5,104,563
4,236,690
1,733,293
37.96
300,000
Home Mutual, ....
418,800
363,312
158,370
44.30
36,000
Howard Fire, ....
85,033
1
70,654
37,060
49.57
12,000
xlviii
REPORT OF THE
Table X. — Insurance Companies of Other States — Continued.
Gross Cash
Ratio of
Cash
NAME OF COMPANY.
Gross Cash
Income.
Expendi-
tures.
Expenses.
Expenses to
Premiums
Received.
Dividends
Declared.
Insurance Co. of No. America, .
$5,826,933
$5,524,108
$1,745,671
32.04
$360,000
Insurance Co. State of New York,
548,724
334,952
87,739
16.59
10,000
Insurance Co. 8tate of Pennsyl-
vania.
Lincoln, .....
291,230
50,866
266,276
43,425
128,662
40,608
49.71
80.40
10,000
Lumbermen's
215,041
165,364
66,763
41.29
25,000
Manhattan Fire, ....
499,204
702,580
285,937
61.25
28,423
Manufacturers' and Merchants',
252,228
209,294
90,389
40.55
15,000
Mechanics', .....
254,143
223,999
93,613
43.34
20,000
Merchants' (Newark),
1,002,663
908,212
412,692
44.06
32,000
Merchants' (Providence), .
284,508
251,687
108,217
41.60
12,000
Merchants' and Manufacturers',
138,443
92,428
53,521
44.01
16,000
Michigan Fire and Marine,
282,931
284,120
103,290
42.95
32,000
Middlesex Mutual,
130,247
105,215
49,177
53.12
-
Millers' and Manufacturers',
177,693
191,486
60,337
34.36
-
Milwaukee Mechanics',
1,106,395
902,278
430,245
43.54
80,000
National (Hartford), .
2,276,401
1,918,563
823,392
39.15
120,000
National (Baltimore), .
58,559
44,011
24,219
45.25
6,000
National Standard,
293,826
207,722
86,092
31.17
30,000
Newark Fire, ....
169,392
153,636
72,483
52.60
25,000
New Hampshire Fire,
1,147,301
982,776
429,055
41.82
81,000
New York Fire
145,315
115,739
56,702
43.15
12,000
Niagara Fire, ....
1,702,463
1,427,369
636,495
39.19
50,000
North British and Mercantile,
(New York).
Northern
4,998
71,394
1,679
16,516
1,679
12,285
41.43
17.32
-
Northwestern National,
1,025,342
807,587
418,592.
45.86
72,000
Norwalk Fire, ....
174,359
108,552
55,074
35.03
-
Norwood, .....
64,505
338,538
117,386
197.90
10,000
Orient,
1,349,872
1,213,539
465,061
37.85
50,000
Pacific Fire,
398,755
348,753
158,212
42.54
20,000
Pennsylvania Fire,
1,929,405
1,622,725
645,509
37.44
80,000
Phenix (New York), .
3,542,229
3,128,865
1,288,815
38.49
100,000
Phoenix (Hartford), .
3,100,810
2,994,172
1,067,586
36.83
280,000
INSURANCE COMMISSIONER.
xlix
Table X. — Insurance Companies of Other States — Concluded.
NAME OF COMPANY.
Gross Cash
Income.
Gross Cash
Expendi-
tures.
Expenses.
Ratio of
Expenses to
Premiums
Received.
Cash
Dividends
Declared.
Providence Washington, .
$1,501,408
$1,196,121
$447,479
30.97
$32,000
Queen,
2,049,899
1,865,172
•672,780
35.21
100,000
Reading Fire, ....
367,467
290,563
104,853
31.61
25,000
Reliance,
342,256
287,956
136,221
45.14
21,000
Rochester German, . .
372,126
293,889
145,896
44.36
20,000
Rutgers,
98,323
104,833
42,279
48.99
18,000
Schuylkill Fire, ....
195,959
135,188
31,797
17.42
-
Security,
521,428
449,412
177,755
36.22
13,000
Spring Garden, ....
570,438
501,082
234,596
45.48
32,000
St. Paul Fire and Marine, .
1,643,002
1,435,350
526,219
51.19
50,000
Teutonia,
384,096
328,500
117,857
32.40
12,500
Traders', .
738,643
640,989
265,706
40.23
50,000
Union, ......
319,606
306,015
137,211
46.09
12,000
United Firemen's,
322,496
260,382
121,865
47.92
30,000
United States Fire,
332,372
286,923
136,026
45.56
20,000
United States Lloyds, .
567,863
399,632
101,716
23.53
50,000
Victoria Fire,
85,768
44,045
19,687
25.22
-
Westchester Fire,
1,342,218
1,132,839
513,374
40.84
30,000
Western,
207,449
194,079
62,539
33.97
18,000
Williamsburgh City, . .
665,292
567,085
266,122
44.81
50,000
Totals
$92,616,648
$81,831,283
$31,448,952
40.34
$5,671,681
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lvi
REPORT OF THE
Table XIII. — Massachusetts Business for 1897.
Massachusetts Mutual Fire Companies.
NAME OF COMPANY.
Risks
Premiums
Contingent
Losses
Losses
Written.
Received.
Assets-.
Paid.
Incurred.
Abington,
$2,027,908
$29,721
$29,721
$15,131
$13,518
Annisquam,
62,580
-
-
-
-
Arkwright,
44,013,841
342,460
1,712,299
10,922
10,260
Atlas,
830,924
11,986
35,958
5,436
5,436
Attleborough, ....
525,902
3,439
6,878
1,434
1,434
Barnstable County,
1,780,291
31,891
95,672
10,614
9,364
Berkshire, .....
2,446,960
34,773
34,773
18,374
17,242
Boston Manufacturers',
51,945,692
395,092
1,975,462
13,975
13,975
Bristol County
374,675
2,535
25,348
243
243
Cambridge,
6,319,304
101,955
101,955
30,431
32,931
Citizens',
8,289,713
112,679
112,679
28,820
26,520
Cohasset,
74,460
1,128
3,384
15
970
Cotton and Woolen, .
6,200,938
52,936
264,682
2,948
2,945
Dedham
2,140,348
33,816
33,816
12,129
10,629
Dorchester,
9,183,233
144,139
144,139
60,573
61,162
Essex
1,340,193
23,232
23,232
10,811
8,999
Fall River Manufacturers',
16,289,019
128,363
641,816
2,890
2,890
Fitch burg, .....
5,185,852
75,000
75,000
32,950
36,142
Groveland,
316,208
-
21,f>88
382
82
Hampshire
1,116,895
16,281
16,281
5,027
5,027
Hingham, .....
7,725,650
116,966
116,965
27,711
28,049
Hoiyoke,
9,001,245
133,438
133,438
53,740
53,302
Home Guaranty,.
1.500,000
23,000
23,000
14,998
15,456
Industrial,
2,412,956
28,619
143,097
1,291
1,289
Lowell,
2,674,732
42,874
42,874
16,522
13,874
Lumber,
801,601
14,846
44,538
1,210
1,210
Lynn
467,095
6,398
12,796
474
394
Merchants' and Farmers', .
5,319,267
83,724
83,724
32,439
33,167
Merrimack, .....
9,040,477
142,689
142,689
60,032
53,160
Middlesex,
13,039,715
191,662
191,662
64,347
64,003
Mutual Fire Assurance,
1,237,300
19,607
19,607
6,447
6,822
Mutual Protection, . .
1,222,289
19,909
19,910
5,629
4,731
Newburyport, ....
126.750
1,746
6,986
280
280
Norfolk
5,977,782
88,013
88,013
31,030
26,246
Paper Mill
3,236,045
26,012
130,062
515
515
Quincy,
8,032,871
119,667
119,667
33,057
26,307
Rubber Manufacturers',
4,945,544
42,841
214,203
2,405
2,721
Salem
2,034,412
33,188
33,188
11,020
11,044
Salisbury and Amesbury, .
24,095
197
1,966
466
466
Saugus,
1,000,475
-
125,807
998
960
South Danvers, ....
179,475
3,837
11,512
3,262
3.262
Traders' and Mechanics', .
10,806,534
168,494
168,494
49,340
49,340
West Newbury, ....
319,560
-
157,417
358
433
Western Massachusetts,
600
5
15
645
-
Worcester Manufacturers',
17,994,089
140,182
700,911
4,286
3,875
Worcester Mutual,
11,759,777
168,020
604,395
22,681
21,587
Totals
$281,345,272
$3,157,360
$8,691,619
$708,288
$682,262
INSURANCE COMMISSIONER.
lvii
Table XIII. — Massachusetts Business for 1897 — Continued.
Massachusetts Mutual Fire-Marine Companies.
Fire Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Receiv.ed.
Losses
Paid.
Losses
Incurred.
$1,572,961
$16,642
$3,984
$3,251
Marine Business.
China, .
India, .
Totals,
$17,077,050
$17,077,050
$314,303
$314,303
$274,040
451
$274,491
$185,585
451
5186,036
Massachusetts Stock Companies.
Fire Business.
American, ......
Boston Marine,
Firemen's Fire
Mercantile Fire and Marine,
North American, ....
Springfield Fire and Marine,
$4,507,442
5,114,658
7,565.931
8,573,256
12,494,619
15,099,172
$39,399
55,713
65,294
69,215
97.597
165,329
$14,937
11,731
20,691
23,161
52,005
62,158
$16,899
12,892
21,395
19,904
50,874
57,678
Totals
$53,355,078
$492,547
$184,683
$179,642
Boston Marine, .
Marine Business.
$26,150,335
$444,358
$368,906
$334,380
lviii
EEPORT OF THE
Table XIII. — Massachusetts Business for 1897 — Continued.
Companies of Other States.
Fire Business.
name of company.
Risks
Premiums
Losses Paid.
Losses
Written.
Received.
Incurred.
iE?na
$29,601,440
$294,992
$131,983
$140,091
Agricultural
12,670,800
88.556
24,246
26,966
Albany, ......
1,442,579
13,811
7,829
3,724
American (Newark)
3,973,403
32,679
18,083
17,723
American Central, ....
1,520,977
18,362
6,590
6,283
American Fire (New York),
6,047,373
71,904
33,057
28,126
American Fire (Philadelphia), .
7,422,111
82,989
25,854
21,123
American Lloyds, ....
1,518,635
12,100
384
384
Armenia, ......
2,307,143
24,245
11,372
10,785
Assurance Company of America,
1,364,507
14,111
210
1,644
Broadway,
374,400
3,248
_
_
Buffalo Commercial, ....
921,212
8,432
1,675
1,675
Buffalo German, ....
2,694,191
24,434
9,364
9,990
Capital Fire,
3,638,*58
45,395
11,229
11,496
Citizens' (New York),
2,197,962
22,500
7,425
8,804
Citizens' (St. Louis)
890,238
7,479
2,221
2,152
Colonial Assurance, ....
1,932,042
20,378
8,252
8,348
Commerce, ......
1,035,390
11,921
3,060
3,713
Commercial Union
1,140,866
10,261
1,266
1,529
Commonwealth,
3,149,477
15,904
280
280
Concordia,
492,556
4,816
2,716
2.316
Connecticut Fire, ....
9,261,000
105,575
50,766
53,733
Continental, ......
15,969,231
165,111
58,042
63,007
Delaware, .......
4,245,655
50,969
24,839
22,625
Detroit Fire and Marine, .
1,747,386
9,865
977
1,837
Eastern,
1,623,282
11,285
8
104
Empire City,
209,333
1,618
187
187
Equitable Fire and Marine,
5,045,585
49,160
20,607
23,146
Erie Fire,
1,371,052
15,490
642
642
Faimers' Fire, .....
2,166,113
28,381
3,776
5,065
Farraeut.
434,566
5,213
405
1,088
Fire Association of Philadelphia,
15,111.562
181,457
64,002
68,507
Fire Insurance Company, County of
1,065,069
12,003
1,470
938
Philadelphia.
Fireman's Fund,
8,706,209
99,386
32,581
35,543
Firemen's (Baltimore),
1,759,327
17,459
2,541
2,547
Firemen's (Newark), . . . .
3,508,279
34,006
7,102
7,347
Franklin Fire, . . . . - .
2,923,670
28,792
9,194
5,159
German Alliance, ....
1,276,945
13,040
1,006
1,443
German American
17,935,465
179,956
65,613
66,011
German Fire
1,518,551
19,254
2,496
4,703
Germania Fire, .....
5,380,907
48,912
23,472
21,926
Girard Fire and Marine, .
2,099,348
18,210
9,261
8,942
Glen's Falls,
4,474,857
39,266
23,206
22.518
Globe Fire
2,192,152
25,885
23,757
22,630
Grand Rapids
782,000
7,494
1,166
1,266
Granite State, .....
6,095,760
73,191
21,199
20.149
Greenwich, ......
5,444,294
45,496
28.411
21,992
Hanover Fire, .....
10,004,635
114,635
55.514
50,286
Hartford Fire,
20,412,834
227,164
72,110
75,929
Home (New York), ....
46,444,759
327,876
105,985
136,022
Home Mutual,
1,184,366
11,971
667
1,366
Howard Fire,
555,466
5,390
-
-
Insurance Co. of North America,
20,531,316
228,036
67,922
79,496
Insurance Co. State of New York,
1,472,837
15,026
3,407
3,6-2
Insurance Co. State of Pennsylvania,
4,698,804
51,316
18,019
21,362
INSURANCE COMMISSIONER.
lix
Table XIII. — Massachusetts Business for 1897 — Continued.
Companies of Other States — Continued.
Fire Business — Concluded.
Risks
Premiums
Losses
NAME OF COMPANY.
Losses Paid.
Written.
Received.
Incurred.
Lincoln,
Lumbermen's,
$1,228,423
$12,324
$1,372
$1,927
Manhattan, ......
2,972,612
24,675
21,123
23,918
Manufacturers' and Merchants',
2,879,242
30,660
2,844
6,554
Mechanics',
1,353,720
16,235
7,864
8,105
Merchants' (Newark),
9,908,203
80,080
32,665
2^,293
Merchants' (Providence), .
4,499,293
42,213
12,063
10,712
Merchants' and Manufacturers',
1,155,019
11,546
525
2,577
Michigan Fire and Marine,
482,220
5,320
664
943
Middlesex Mutual
1,652,677
17,000
14,866
22,573
Millers' and Manufacturers',
609,643
9,500
4,572
4,297
Milwaukee Mechanics',
1,384,436
10,739
3,116
3,116
National Fire (Connecticut),
16,599,yi9
160,521
51,209
47,20d
National Fire (Maryland),
803,512
7,917
509
509
National Standard
1,762,260
18,243
312
483
Newark Fire,
881,302
10,054
852
834
New Hampshire, ....
18,917,804
195,488
83,517
87,540
New York Fire
1,312,087
7,761
264
553
Niagara,
11,049,507
128,788
50,857
49,195
North British and Mercantile, .
168,350
1,357
-
-
Northern, ......
_
760
_
_
Northwestern National,
4,306,286
39,565
11,485
14,315
Norwalk Fire,
2,143,650
24,074
6,901
7,022
Norwood
782,087
12,834
10,792
7,822
Orient,
7,003,585
66,998
37,817
33,917
Pacific Fire,
2,150,755
23,191
6,481
6,197
Pennsylvania Fire, ....
8,605,721
113,387
46,231
50,642
Phenix,
19,744,489
180,937
54,080
55,677
Phoenix (Connecticut),
12,270,310
135,016
37,886
36,243
Providence Washington, .
10,678,068
101,536
34,310
26,459
Queen
15,361,209
119,950
41,405
53,629
Reading Fire
3,156,206
31,996
10,594
11,377
Reliance
2,274,209
21,535
11,252
9,813
Rochester German, ....
3,789,856
44,970
15,089
15,503
Rutgers
679,047
7,012
2,655
2,653
Schuylkill,
2,167,239
31,384
6,930
6,930
Security,
4,307,516
44,933
18,103
16,419
Spring Garden
8,492,099
65,928
28,693
27,172
St. Paul Fire and Marine, .
5,033,207
46,626
18,170
19,258
Teutonia
1,294,382
14,113
1,121
1,105
Traders'
2,162,483
24,467
1,598
1,604
Union,
3,802,683
34,815
8,158
8,207
United Firemen's
2,190,491
26,349
8,310
8,814
United States,
2,493,333
21,933
6,503
6,970
United titates Lloyds,
-
-
-
-
Victoria Fire, .....
388,612
3,292
24
_
Westchester Fire
7,095,302
75,623
24,714
23,736
Western,
609,459
7,597
2,880
2,587
Williamsburgh City
3,295,799
30,691
4,421
4,980
Totals,
$529,887,087
$5,238,338
$1,853,243
$1,916,676
REPORT OF THE
Table XIII. — Massachusetts Business for 1897 — Continued.
Companies of Other States — Concluded.
Marine Business.
NAME OF COMPANY.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
-(Etna, .......
Atlantic Mutual,
Fireman's Fund
Home,
Insurance Company of North America,
Orient, .......
Providence Washington,
St. Paul Fire aud Marine, .
United States Lloyds
Totals
$1,486,849
30,939,747
2,187,681
278,920
35,570,108
200,000
6,061,513
721,307
5,338,410
$82,784,535
$27,504
208,510
3,247
6,408
161,335
3,459
41,873
21,652
12,651
$486,639
$1,053
35,376
108,792
33
15,245
15,599
2,971
$179,069
$8,076
35,375
110,000
1.383
12,741
13,176
1,856
$182,607
United States Branches, Foreign Companies.
Fire Business.
Aachen and Munich,
$9,936,705
$91,624
ijp^jOOo
$4,144
Alliance Assurance,
536,750
3,660
-
-
Atlas Assurance
5,821,964
61,681
22,008
23,952
Baioise,
2,255,772
20,639
452
456
British America
4,163,007
50,286
19,831
17,412
Caledonian,
8,078,285
96,578
33,323
30,577
Commercial Union,
12,786,597
146,721
71,015
62,439
Ham burg- Bremen, .....
4,685,578
45,747
13,866
12,951
Helvetia Swiss
3,907,727
29,338
9,399
10,203
Imperial,
9,800,196
132,229
57,873
56,218
Lancashire, .......
9,659,877
89,307
21,476
20,527
Law, Union and Crown, ....
291,250
2,195
-
-
Lion Fire,
4,193,925
39,870
22,451
22,058
Liverpool and London and Glohe,
34,647,594
360,354
112,876
123,086
London Assurance
8,451,752
81,482
19,283
18,379
London and Lancashire, ....
14,584,302
138,220
40,589
43,531
Magdeburg,
6,229,791
72,880
13,406
13,656
Manchester Assurance, ....
8,702,351
88,808
27,281
27,646
Na'ional of Ireland, . . . - .
-
-
-
-
Netherlands, .......
1,141,073
10,500
2
2
North British and Mercantile,
14,335,660
150,096
60,073
74,030
Northern Assurance
10,275,813
85,651
28,278
25,973
Norwich Union,
10,975,033
107,120
33,205
32,851
Palatine, . . . . . .
13,410,690
157,946
44,155
46,046
Phoenix Assurance,
12,468,934
145,683
38,527
41,151
Prussian National, .
1,673,206
18,038
2,435
2,997
Royal, ........
31,252,286
358,708
133,630
142,544
Royal Exchange, . . ....
1,784,477
18,294
3,545
5,846
Scottish Union and National,
12,844,998
135,108
41,833
38,338
Sun,
18,297,532
165,490
52,918
52,357
Svoa
3,820,183
32,080
9,583
8,590
Thuiingia, .......
3,365,633
37,500
5,182
4,487
Transatlantic,
579,662
4,845
-
-
Union Society, ......
3,935,137
36,729
6,225
11.003
Western Assurance
6,210,769
79,088
35,738
30,118
Total's, . . . '.
$295,104,509
$3,094,495
$983,011
$1,003,568
INSURANCE COMMISSIONER.
lxi
Table XIII. — Massachusetts Business for 1897 — Concluded.
United States Branches, Foreign Companies — Concluded.
Marine Business.
name of company.
Risks
Written.
Premiums
Received.
Losses
Paid.
Losses
Incurred.
British and Foreign Marine,
London Assurance,
Marine of London
Thames and Mersey Marine,
Union Marine, . . . . , . .
Western Assurance
$160,531,543
10,089,374
5,610,783
89,311,805
1,704,205
1,655,636
3,915,284
332,813
$547,214
13,727
17,452
43,047
9,108
7,745
5,947
11,343
$564,307
16,392
11,590
4,212
6,007
576
463
8,554
$628,163
17,912
11,589
4,212
6,107
576
463
12,769
Totals
$273,151,443
$655,583
$612,101
$681,791
Recapitulation.
Fire Business.
Massachusetts mutual fire companies,
Massachusetts mutual fire-marine com-
panies.
Massachusetts joint-stock companies,
Companies of other States, ....
United States branches
$281,345,272
1,572,961
53,355,078
529,887,087
295,104,509
$3,157,360
16,642
492,547
5,238,338
3,094,495
$708,288
3,984
184,683
1,853,243
983,011
$682,262
3,251
179,642
1,916,676
1,003,568
Totals,
$1,161,264,907
$11,999,382
$3,733,209
$3,785,399
Marine Business.
Massachusetts mutual marine companies, .
Massachusetts joint stock companies,
Companies of other States, ....
United States branches, ....
$17,077,050
26,150,335
82,784,535
273,151,443
$314,303
444,358
486,639
655,583
$274,491
368,906
179,069
612,101
$186,036
334,380
182,607
681,791
Totals,
$399,163,363
$1,900,883
$1,434,567
$1,384,814
xu
EErORT OF THE
Table XIV. — Statement of the Receipts and Expenditures of the
Insurance Department for the Year ending Dec. 31, 1897.
[Made pursuant to chapter 522, section 17, Acts of 1894.]
Receipts.
Compensation for valuation of life insurance policies,
License fees, filing statements, certificates, etc.,
|19,487 30
46,421 00
$65,908 30
Expenditures.
Commissioner.
FrecPk L. Cutting, from October 1,
S875 00
George S. Merrill, to September 30, resigned,
2,625 00
$3,500 00
Deputy Commissioner.
Frank H. Hardison, from October 7, .
$584 68
Fred'k L. Cutting, to September 30, appointed
commissioner,
1,875 00
2,459 68
Actuary.
2,000 00
Examiner.
William H. Brown, from December 16,
$86 02
Frank H. Hardison, to October 6, appointee
deputy commissioner, ....
1,532 26
1,618 28
Clerks.
Arthur E. Linn ell, first,
$2,000 00
William O. Richardson, second, .
1,500 00
William H. Brown, third, salary to December 15
appointed examiner,
1,148 39
4,648 39
Extra Clerks.
A. M. Hawes,
f 1,200 00
C. E. Weis, .
,
1,000 00
M. E. Burrill,
e
1,000 00
S. E. Flint, .
,
1,000 00
E. L. Johnson,
,
1,000 00
F. M. Page, .
,
1,000 00
F. M. Robbins,
,
1,000 00
M. F. Whipple,
, '
1,000 00
G. C. Stud ley,
,
900 00
G. M Hall, .
,
900 00
V. I. Bryant, .
, ,
900 00
M. L. McMann,
•
840 00
Amounts cam
edfo
rivar
i, .
. $11,740 00
$14,226 35
INSURANCE COMMISSIONER.
Ixiii
Table XIV. — Statement of the Receipts, etc. — Concluded.
Amounts brought forward, ....
$11,740
00
$14,226 35
F. E. Gowell,
840
00
G. L. Moore, .
,
840
00
L. H Young, .
. i
840
00
C. L. Sawyer,
„
840
00
I. L. Baker, .
a
.>
840 00
L. E. Brickett,
.
825 00
J. S. Davis, .
,
720 00
G. H. Manks, .
.
585
00
Emma G. Stevens,
690
00
Mary H. Dyer,
760
00
Belle Hadley,
300 00
Mary V. Kelley, .
300 00
Lillian W. Whipple,
■ • •
„
80 00
20,200 00
Contingent Expenses.
Printing and binding,
$1,651
90
Postage, ... .... .
799
79
Travelling expenses, ......
668
17
Express, telegraph and telephone,
222
98
Stationery and supplies, .....
222
95
Stenographic work, etc., . . .
170
31
Extra clerical service, ......
112
50
Books, newspapers, etc., .....
111
25
Incidentals, ........
21
44
3,981 29
Total expenditures for 1897, ....
$38,407 64
Fees collected and paid into State treasury,
.
•
65,908 30
Surplus accrued to the Commonwealh,
.
•
$27,500 66
MASSACHUSETTS MUTUAL
FIRE INSURANCE COMPANIES.
Detailed Statement op Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1897.
ABINGTON MUTUAL FIRE INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
ABINGTON MUTUAL FIRE INSURANCE COMPANY,
ABINGTON.
[Incorporated May 30, 1856. Commenced business June 15, 1857.]
HENRY B. PEIRCE, President. CARLOS P. FAUNCE, Secretary.
Amount of permanent fund, $41,728 54
Detailed Statement of Stocks,
N. E. Telephone and Telegraph Co. bonds,
Boston United Gas Co. bonds, .
Marion County (Ind.) bonds, .
Ramsey County (Minn.) bonds,
Omaha (Neb.) city bonds,
Toledo (Ohio) city bonds,
Lincoln (Neb.) city bonds,
St. Paul (Minn.) bonds, .
Portland & Ogdensburg Railroad bonds,
Naumkeag Street Railway bonds, .
East Middlesex Street Railway bonds,
Trenton Passenger Railway bonds, .
20 shares Oregon Railway & Navigation Co.,
10 '
10 '
14 '
5 '
20 '
13 '
5 '
14 '
21
State National Bank, Boston, .
Natl Hide and Leather Bank, Boston,
Metropolitan National Bank, Boston,
Old Boston National Bank, Boston, .
South End National Bank, Boston, .
Abington National Bank, Abington, .
Whitman National Bank, Whitman,
First National Bank, Salem,
First National Bank, Danvers, .
Rockland & Abington Street Railway, .
Securities held as collateral for cash loans : —
Rockland and Abington Street Railway, .
Bonds, etc.
Par "Value.
Market Value.
$ 1,000 00
$1,026 25
2,000 00
1,840 00
1,000 00
1,000 00
3,000 00
3,110 00
3,000 00
3,135 00
1,000 00
. 1,060 00
2,000 00
2,000 00
1,000 00
1,155 00
5,000 00
5,300 00
2,000 00
2,030 00
1,000 00
1,000 00
2,000 00
2,180 00
2,000 00
720 00
1,000 00
1,110 00
1,000 00
1,030 00
1,400 00
1,260 00
500 00
513 75
2,Q00 00
1,240 00
1,300 00
1,560 00
500 00
510 00
1,400 00
1,260 00
1,575 00
1,575 00
1,000 00
1,102 50
$37,675 00
|36,717 50
Market Value.
Loaned Thereon.
$500 00
$300 00
ABINGTON MUTUAL FIRE INSURANCE CO.
3
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Due on reinsurance, . . . . ,
Gross assets, . . .
81, 1897.
$6,000 00
15,881 00
230 48
36,717 50
300 00
300 00
1,562 57
10,525 52
431 00
1,616 42
12 00
100 90
$73,677 39
Liabilities.
Unearned premiums on outstanding risks, . $46,807 49
Profits or surplus on terminated policies, unpaid, 864 82
Due and accrued for rent, salaries, etc., . . 163 25
Commissions and brokerage, ...'... 320 19
Gross liabilities, .....
Net cash assets, .........
48,155175
$25,521 64
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total, . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Income from all other sources,
Gross cash income,
other
$1,597 60
30,317 99
$31,915 59
1,616 42
299 17
3,086 07
sources,
$27,213 10
326 31
1,526 07
2,081 23
479 00
279 21
$31,904 92
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$6,000 00
23,050 00
19,850 00
ANNISQUAM MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses, . .
Deduct salvage and reinsurance,
Net cash paid for losses, .....
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, . . . .
$15,321 41
150 00
,171 41
10,297 54
4,411 66
2,649 45
296 93
1,371 06
|34,198 05
Risks and Premiums.
Amount. Cash Prem's. Conthig't Prem's.
Risks outstanding Dec. 31, 1896, 17,698,622 00 $115,784 79 $115,784 79
Risks written during 1897, . 2,068,933 00 30,317 99 30,317 99
Total, .... $9,767,555 00 $146,102 78 $146,102 78
Risks terminated during 1897, 2,744,069 00 41,031 02 41,031 02
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
',023,486 00 $105,071 76 $105,071 76
247,975 00 3,440 11 3,440 11
1,775,511 00 $101,631 65 $101,631 65
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 15, 25 and 40 per cent.
$13,558 00
ANNISQUAM MUTUAL FIRE INSURANCE COMPANY,
GLOUCESTER.
[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.]
ELI AS DAVIS, President. JAMES S. JEWETT, Secretary.
[Note. — This company charges a cash premium adequate for expenses only, and relies upon
assessments on deposit notes to pay losses.]
Amount of permanent fund Dec. 31, 1896,
Increase during the year, .
Permanent fund Dec. 31, 1897, .
$527 91
23 53
$551 44
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds, . . . . . . $500 00 $56125
ANNISQUAM MUTUAL FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1897.
$2,813 94
77 20
561 25
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Office safe, $85 00
Gross assets,
83 59
4,691 55
5 00
,232 53
Liabilities.
Profits or surplus on terminated policies, unpaid,
Net cash assets,
109 32
5,123 21
Income.
Cash received from assessments,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$223 25
174 84
20 00
$418 09
Expenditures.
Cash paid for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
$350 00
1 23
20 98
$372 21
Risks and Premiums.
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Total,
Risks terminated during 1897, .
In force at end of year,
Amount. Conting't Prem's.
$340,405 00 $21,062 45
62,580 00 4,102 60
$402,985 00 $25,165 05
60,930 00 4,016 60
$342,055 00 $21,148 45
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$2,900 00
5,500 00
4,263 00
6
ARKWRIGHT MUTUAL FIRE INSURANCE CO.
ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.]
R. W. TOPPAN, President. D. W. BARTLETT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
United States bonds, . . . . $25,000 00 $28,125 00
Cambridge city bonds, 15,000 00 16,237 50
Boston city bonds, 20,000 00 22,575 00
Providence city bonds, 20,000 00 20,900 00
Waltham city bonds, . . . . . 10,000 00 10,600 00
Lowell city bonds, 20,000 00 22,500 00
Springfield city bonds, 20,000 00 20,500 00
Worcester city bonds, 25,000 00 25,562 50
Fitchburg Railroad bonds, .... 10,000 00 10,200 00
Eastern Railroad bonds, ..... 35,000 00 41,650 00
Old Colony Railroad bonds, .... 40,000 00 43,800 00
Boston & Lowell Railroad bonds, . . . 90,000 00 97,325 00
Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 54,800 00
Boston & Maine Railroad bonds, . . . 50,000 00 54,500 00
Philadelphia, Wilm. & Baltimore R.R. bonds, . 20,000 00 21,900 00
New York, Providence & Boston R.R. bonds, . 10,000 00 10,150 00
Boston & Providence Railroad bonds, . . 20,000 00 21,650 00
Lake Shore & Michigan Southern R.R. bonds, 30,000 00 35,400 00
Pennsylvania Company bonds, . . . 30,000 00 33,900 00
Chicago June. R.R. & Union St'k Y'ds bonds, . 25,000 00 27,625 00
Boston Terminal Company bonds, . . . 40,000 00 43,200 00
$605,000 00 $663,100 00
Summary of Assets Dec. 31, 1897.
Stocks, bonds, etc , as per schedule,
All other cash loans, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, ....
$663,100 00
3,333 40
426 93
164,005 18
8,664 57
1,032 38
,562 46
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, .....
Net cash assets,
$1,600 00
372,791 50
1,327 78
375,719 28
$464,843 18
ATLAS MUTUAL INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 18Q6, . . $4,126 78
Premiums on risks written or renewed, . . 782,143 41
Total, .' . ..'... . $786,270 19
Premiums now in course of collection, . . 1,032 38
Entire premiums collected, .... $785,237 81
Less reinsurance and return premiums, . . 31,644 86
Net cash premiums received, . . . .
Interest and dividends received from all sources, .
$753,592 95
32,274 69
Gross cash income, . $785,867 64
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $92,888,177 00
Risks written during 1897, . 100,938,574 00
Total,
$193,826,751 00
Risks terminated during 1897, 97,824,343 00
In force at end of year, .
Cash Prem's.
$728,632 47
782,143 41
L,510,775 88
765,192 87
$30,307 83
649,605 79
24,600 00
7,458 92
1,687 84
13,004 34
4,740 80
$731,405 52
Conting't Prem's.
$3,643,162 35
3,910,717 05
$7,553,879 40
3,825,964 35
>,002,408 00
Miscellaneous.
Losses incurred during the year, .
Profits or surplus returned during 1897, 88.54 per cent.
$745,583 01 $3,727,915 05
$26,950 00
ATLAS MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated February, 1892. Commenced business June 15, 1892.]
JOHN A. PRAT, President. ARTHUR F. JONES, Secretary.
Office, 2 Mason Building.
Amount of permanent fund,
Detailed Statement of Stocks, Bonds, etc.
Par Value.
United States bonds, $50,000 00
Massachusetts State bonds, .... 25,000 00
$25,000 00
Market Value.
$63,937 50
25,406 25
$75,000 00 $89,343 75
8
ATLAS MUTUAL INSURANCE CO.
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
31, 1897.
,343 75
12,246 26
770 83
18,658 87
$121,019 71
Liabilities.
Losses adjusted, unpaid, $6,618 25
Losses claimed and reported, .... 16,962 81
Unearned premiums on outstanding risks, . 45,127 43
Return premiums on cancelled policies, . . 648 66
Profits or surplus on terminated policies, unpaid, 3,286 00
Commissions and brokerage, .... 3,602 04
Gross liabilities,
76,245 19
Net cash assets, . $44,774 52
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources, .
Received from other companies on account of excess losses, .
(Received for borrowed money, $15,000.)
$24,032 70
101,649 99
$125,682 69
18,658 87
$107,023 82
14,808 71
$92,215 11
2,557 09
7,407 78
Gross cash income, $102,179 98
Expenditures.
Cash paid for losses, .
Deduct salvage and reinsurance,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
(Paid for borrowed money, $15,000.)
Gross cash expenditures, ....
$73,369 32
2,606 79
,762 53
7,821 99
18,312 05
5,759 36
2,837 97
$105,493 90
ATTLEBOROUGH MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem's.
Risks outstanding Dec. 31, 1896, $9,693,314 00 $141,209 57 $423,628 71
Risks written during 1897, . 8,006,056 00 101,649 99 304,949 97
Total, .... $17,699,370 00 $242,859 56 $728,578 68
Risks terminated during 1897, 10,975,279 00 152,523 32 457,569 96
In force at end of year, . . $6,724,091 00 $90,336 24 $271,008 72
Deduct amount reinsured, . 21,500 00 193 75 581 25
Net amount in force, . $6,702,591 00 $90,142 49 $270,427 47
Miscellaneous.
Losses incurred during the year, $79,658 00
Profits or surplus returned during 1897, 10 per cent.
ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY,
ATTLEBOROUGH.
[Incorporated Feb. 24, 1844. Commenced business July, 1845.]
EVERETT S. CAPRON, President. ELIJAH R. READ, Secretary.
Amount of permanent fund, $16,901 35
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*) ,
Interest due or accrued thereon,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, $34,356 48
$21,900 00
156
34
6,000
00
323
73
5,800
12
120
00
56
29
Liabilities.
Unearned premiums on outstanding risks, .... 7,292 94
Net cash assets, $27,063 54
* Value of lands mortgaged, $12,350 00
Value of buildings thereon 32,650 00
Amount of insurance held as collateral, .... 25,650 00
10 BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Gross cash income, .
Expenditures.
Cash paid for losses, . .
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
$148 25
3,438 78
$3,587 03
56 29
$3,530 74
111 56
$3,419 18
32 37
1,530 20
.
Gross cash expenditures, .
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Risks and Premiums.
Amount.
2,131,855 00
525,902 00
,981 75
$1,434 03
851
34
36
92
33
00
93
57
Total,
Risks terminated during 1897,
In force at end of year, .
},657,757 00
434,997 00
Cash Prem's.
$12,257 02.
3,438 78
$15,695 80
2,286 77
!,448 86
Conting't Prem's.
$24,514 04
6,739 56
$31,253 60
4,573 54
1,222,760 00 $13,409 03 $26,680 06
Miscellaneous.
Losses incurred during the year,
:,434 00
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY,
YARMOUTHPORT.
[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.]
SIMEON ATWOOD, President. FRANK THACHER, Secretary.
Amount of permanent fund, . $57,365 80
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
13 shares Winthrop National Bank, Boston, . $1,300 00 $1,703 00
20 " State National Bank, Boston, . . 2,000 00 2,200 00
13 " Tremont National Bank, Boston, . 1,300 00 923 00
BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO.
11
10 shares Massachusetts Nat'l Bank, Boston,
8 " Shawmut National Bank, Boston,
5 " Nat'l Bank of the Republic, Boston
15 " Nat'l Bank of Redemption, Boston,
15 " First National Bank, Yarmouth,
10 " First National Bank, Hyannis,
10 " Falmouth National Bank,
50 " Massachusetts Real Estate Co.,
63 " Old Colony Railroacl,
49 " Union Pacific Railroad,
8 " Central Pacific Railroad,
National Tube Works Co. stock,
Fall River city bonds,
Boston & Maine Railroad bonds,
Fitchburg Railroad bonds,
Iowa Falls & Sioux City Railroad bonds,
Chicago & E. Illinois Railroad bonds,
Oregon Short Line Railroad bonds, .
Illinois Steel Company bonds, .
Farm mortgage bonds, . . .
Summary of Assets Dec. 31,
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Stocks, bonds, etc., as per schedule,
All other cash loans, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
Par Value.
$1,000 00
800 00
500 00
1,500 00
1,500 00
1,000 00
1,000 00
5,000 00
6,300 00
4,900 00
650 00
9,900 00
1,000 00
12,000 00
5,000 00
2,000 00
2,500 00
1,000 00
1,000 00
800 00
Liabilities.
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
Net cash assets, . . .
$44,417 45
59 45
Market Value.
$762 50
914 00
710 00
1,683 75
1,875 00
1,150 00
1,100 00
700 00
11,812 50
1,287 50
125 00
8,087 50
1,140 00
12,810 00
5,261 25
2,540 00
2,995 00
987 50
850 00
800 00
163,950 00 $62,417 50
1897.
$2,000 00
700 00
62,417 50
10,535 50
530 69
5,971 07
1,703 37
,858 13
44,476 90
,381 23
Income.
Cash premiums received,
Received for extra premiums, .....
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Gross cash income,
* Value of lands mortgaged, $100 00
Value of buildings thereon, 900 00
Amount of insurance held as collateral, 700 00
$31,890 59
1,1.30 00
63 00
3,539 07
,622 66
12
BERKSHIRE MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, ,
for salaries of officers and employees,
for State and local taxes,
for rents, etc., .....
Gross cash expenditures,
$10,614
18
21,414
12
5,378
25
306
94
455
27
,168 76
Risks and Premiums.
Amount. Cash Prem/s. Contingt Prem's.
Risks outstanding Dec. 31,1896, $7,364,736 00 $ 126,587 23 $379,761 69
Risks written during 1897, . 1,780,291 00 31,890 59 95,671 77
Total, . . . . $9,145,027 00 $158,477 82 $475,433 46
Risks terminated during 1897, 1,751,158 00 30,573 84 91,721 52
In force at end of year, .
r ,393,869 00 $127,903 98 $383,711 94
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1897, 70 per cent.
>,364 00
BERKSHIRE MUTUAL FIRE INSURANCE COMPANY,
PITTSFIELD.
[Incorporated March, 1835. Commenced business August, 1835.]
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary.
Amount of permanent fund,
$57,271 91
Detailed Statement of Stocks,
Western Union Telegraph Co. bonds,
Chicago & Western Indiana Railroad bonds,
Baltimore & Ohio Railroad bonds, .
St. Paul & Sioux City Railroad bonds, .
110 shares Boston & Albany Railroad,
25
50
19
100
55
10
12
N. Y. Cent. & Hudson River R.R.,
Chicago, Burlington & Quincy R.R
New Hampshire Trust Co.,
Adams Express Co.,
Pittsfield National Bank, Pittsfield,
Agricultural Nat'l Bank, Pittsfield,
Third National Bank, Pittsfield,
Bonds, etc.
Par Value.
$5,000 00
5,000' 00
2,000 00
1,000 00
10,000 00
2,500 00
5,000 00
1,900 00
10,000 00
5,500 00
1,000 00
1,200 00
Market Value.
$5,280 00
6,000 00
1,800 00
1,300 00
22,200 00
2,700 00
5,000 00
950 00
16,000 00
8,525 00
2,600 00
2,520 00
BERKSHIRE MUTUAL FIRE INSURANCE CO.
13
15 shares First National Bank, Adams, .
16 " Adams Nat'l Bank, North Adams,
10 " Lenox National Bank, Lenox,
4 " Lee National Bank,
Pittsfield Electric Street Railway Co.,
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks, bonds, etc., as per schedule, .
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Par Value.
Market Value.
$1,500 00
$1,950 00
1,600 00
2,160 00
1,000 00
1,400 00
400 00
700 00
2,500 00
2,500 00
$57,100 00
$83,585 00
. 31, 1897.
$12,000 00
83,585 00
2,000 00
759 71
1,660 01
145 02
4,382 66
181 50
$104,713 90
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Return premiums on cancelled policies,
Surplus due on terminated policies, .
Due and accrued for rent, salaries, etc.,
Due for borrowed money,
State and local taxes,
Commissions and brokerage, .
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1896, . . $2,355 89
Premiums on risks written or renewed, . . 34,773 13
Total, $37,129 02
Premiums now in course of collection, . . 4,382 66
Entire premiums collected, .... $32,746 36
Less reinsurance and return premiums, . . 2,108 93
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources,
Income from rents, ....
Gross cash income,
$1,052 60
27 50
63,986 33
101 03
1,765 82
201 15
4,500 00
73 96
518 93
72,227 32
$32,486 58
$30,637 43
375 92
3,666 29
1,001 72
$35,681 36
14 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses, ....
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for rents, ....
for incidentals,
Gross cash expenditures, .
$18,373 98
16,679 04
3,951 72
3,000 00
397 83
450 00
1,731 23
$44,583 80
Risks and Premiums.
Amount.
Risks outstanding Dec. 31,1896, $9,283,977 00
Risks written during 1897, . 2,446,959 00
Total, .... $11,730,936 00
Risks terminated during 1897, 2,593,627 00
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
1,137,309 00
117,100 00
Cash Prem's.
$129,578 26
34,773 13
$164,351 39
34,305 53
$130,045 86
1,427 95
Conting't Prem's.
$129,578 26
34,773 13
$164,351 39
34,305 53
30,045 86
1,427 95
1,020,209 00 $128,617 91 $128,617 91
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1897, 25, 40 and 60 per cent.
$17,242 00
BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE
COMPANY, BOSTON.
[Incorporated March 15, 1850. Commenced business Oct. 15, 1850,]
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Massachusetts State bonds, .... $165,00000 $184,80000
Old Colony R.R. bonds, ... . . 120,000 00 128,400 00
Boston & Albany R.R. bonds, .... 50,000 00 53,375 00
Eastern R.R. bonds, . . . . . . 25,000 00 29,750 00
United New Jersey Railway & Canal Co. bonds, 50,000 00 57,000 00
Baltimore & Ohio R.R. bonds, .... 50,000 00 40,000 00
Brookline town bonds, ... . . 52,000 00 52,000 00
Boston & Maine R.R. bonds, . . . . 50,000 00 59,500 00
Pennsylvania Co. bonds, 30,000 00 33,975 00
West Shore R.R. bonds, . " . . . . 50,000 00 55,000 00
Boston & Lowell R.R. bonds, . ...... 75,000 00 76,500 00
BOSTON MANUFACTURE!^' MUTUAL FIRE INSURANCE CO. 15
Phila., Wil. & Baltimore R.R. bonds,
Rome, Watertown & Ogdensburg R.R. bonds,
Par Value. Market Value.
$40,000 00 $42,000 00
50,000 00 61,000 00
$807,000 00 $873,300 00
Summary of Assets Dec. 31, 1897.
Stocks, bonds, etc., as per schedule, . . f 873,300 00
All other cash loans, ..... 6,042 02
Cash in the office of the company, . . . 7,428 04
Cash deposited in bank, 22,904 31
Interest due and accrued, 8,012 47
Gross assets, . . . . . .
Liabilities.
Unearned premiums on outstanding risks, . $430,726 77
State and local taxes accrued, .... 1,628 20
Gross liabilities,
$917,686 84
432,354 97
Net cash assets, . . . . ... . . $485,331 87
Income.
Premiums on risks written or renewed, .
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections,
for incidentals, - .
Gross cash expenditures, .
$909,588 58
42,853 42
,735 16
32,805 68
$899,540 84
$32,929 05
764,657 69
34,107 27
8,585 10
1,976 36
14,120 04
8,272 35
$864,647 86
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1896, $108,443,199 00 $849,956 55 $4,249,782 75
Risks written during 1897, . 118,268,359 00 909,588 58 4,547,942 90
Total, .... $226,711,558 00 $1,759,545 13 $8,797,725 65
Risks terminated during 1897, 115,206,820 00 898,091 59 4,490,457 95
In force at end of year, . .$111,504,738 00 $861,453 54 $4,307,267 70
Miscellaneous.
Losses incurred during the year, $32,929 00
Profits or surplus returned during 1897, 89 t 6 o q per cent.
16
BKISTOL COUNTY MUTUAL FIRE INSURANCE CO.
BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY,
NEW BEDFORD.
[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.]
JAMES TAYLOR, President. G-EO. N. ALDEN, Secretary.
[Note. — Policies are all issued for five years, ten per cent, of the premium note being
received in cash at the time of issuing the policy. The notes are assessed as necessity requires.
No cash funds are accumulated.]
Summary of Assets Dec. 31, 1897.
Cash in the office of the company, . . . $574 03
Cash deposited in bank, 3,525 25
Premiums in course of collection (gross), . 245 60
Prem's more than three mos. due, . f 34 64
Gross assets,
: ,344 88
Liabilities.
State and local taxes,
Commissions and brokerage,
Gross liabilities,
Net cash assets,
$5 46
33 32
38 78
L,306 10
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Income from fees, .....
$150 94
2,579 80
$2,730
280
74
24
$2,450 50
44 45
$2,406
05
31
15
9
75
Gross cash income,
$2,446 95
Expenditures,
Cash paid for losses, ....
for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$243 49
144 54
1,100 00
24 73
120 73
,633 49
CAMBRIDGE MUTUAL FIRE INSURANCE CO,
17
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Risks and Premiums.
Amount. Conting't Prem's.
$2,400,830 00 $162,173 00
380,875 00 25,798 00
Total, ....
Risks terminated during 1897,
In force at end of year,
Miscellaneous
Losses incurred during the year,
5,781,705 00 f 187,971 00
450,025 00 30,429 00
$2,331,680 00 $157,542 00
$243 00
CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY,
CAMBRIDGE.
[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.]
DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary.
Amount of permanent fund,
$130,688 77
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Cambridge city bonds, $2,000 00 $2,400 00
Boston city bonds, 5,000 00 5,000 00
Portland city bonds . 10,000 00 12,000 00
West End Street Railway bonds, . . . 5,000 00 5,000 00
Maine Central R.R. bonds, . . ... 5,000 00 5,000 00
North Packing Co. bonds, .... 5,000 00 5,000 00
Eastern R.R. bonds, 1,500 00 1,700 00
Boston & Lowell R.R. bonds, .... 5,000 00 5,000 00
Fitchburg R.R. bonds, ..... 1,000 00 1,000 00
15 shares National City Bank, Cambridge, . « 1,500 00 2,250 00
1 share Framingham National Bank, . . 100 00 140 00
$41,100 00 $44,490 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
All other cash loans, .
Cash in the office of the company,
13,800 00
107,383 00
1,824 11
44,490 00
3,000 00
2,039 62
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$82,300 00
127,600 00
127,600 00
18
CAMBRIDGE MUTUAL FIRE INSURANCE CO.
Cash deposited in bank, $12,722 81
Interest due and accrued, ..... 397 91
Premiums in course of collection (gross), . 21,254 13
Rents due and accrued, . . . . . 926 84
Prem's more than three mos. due, $2,455 11
Gross assets,
1257,838 42
Liabilities.
Losses adjusted, unpaid,
Losses claimed and reported, ....
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, . .
Gross liabilities,
$2,000 00
500 00
174,263 40
1,399 88
250 00
3,068 47
181,481 75
Net cash assets, . $76,356 67
Income
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, . .
Gross cash income,
$17,312 38
1,434 85
$15,877 53
115,758 67
$131,636 20
21,254 13
$110,382 07
5,526 94
sources,
$104,855 13
497 60
4,135 41
2,157 89
6,792 30
$118,438 33
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals, .
for expenses on real estate,
$32,831 93
42,721 20
10,536 00
8,854 16
2,890 43
4,922 54
3,000 00
Gross cash expenditures,
$105,756 26
citizens' mutual FIRE INSURANCE CO.
19
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1896, f 18,441,167 00 $297,072 47
Risks written during 1897,
Total, ....
Risks terminated during 1897,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
7,024,088 00 115,758 67
$25,465,255 00 $412,831 14
5,271,962 00 85,296 76
$20,193,293 00 $327,534 38
27,080 00 526 60
Conting't Prem's.
$297,072 47
115,758 67
$412,831 14
85,296 76
$327,534 38
526 60
,166,213 00 $327,007 78 $327,007 78
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 25, 50 and 70 per cent.
$35,332 00
CITIZENS' MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.]
HENRY C. BIGELOW, President. T. WALLACE TRAVIS, Secretary.
Office, 8 Exchange Place.
Amount of permanent fund,
$174,441 91
Detailed Statement of Stocks, Bonds, etc.
30 shares Hide and Leather National Bank, .
15 " Natick National Bank,
5 " Farmington National Bank (N. H.),
Butchers' S. and M. Association bonds, .
Denver Land and Security Co. bonds,
Summary of Assets Dec
Cash value of unencumbered real estate,
st liens*)
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
All other cash loans, .
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Par Value. Market Value.
$3,000 00 $3,138 00
1,500 00 1,800 00
500 00 500 00
4,000 00 4,000 00
1,800 00 1,800 00
$10,800 00 $11,238 00
31, 1897.
$31,700 00
286,170 00
4,084 56
11,238 00
1,400 00
1,685 68
• 15,179 10
119 20
4,636 66
$356,213 20
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$151,600 00
399,400 00
340,800 00
20
citizens' mutual FIRE INSURANCE CO.
Liabilities.
Unearned premiums on outstanding risks, . $206,701 57
Profits or surplus on terminated policies, unpaid, 1,986 54
Commissions and brokerage, .... 695 52
Gross liabilities, , — — — -
$209,383 63
Net cash assets, $146,829 57
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$2,711 38
112,679 03
$115,390 41
4,636 66
$110,753 75
4,892 96
sources, .
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, ....
$105,860 79
1,138 52
14,838 13
975 71
930 91
$123,744 06
$28,820 39
56,137 89
16,500 16
8,032 00
1,725 90
2,100 00
3,545 38
$116,861 72
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1896, $28,111,853 00 $387,499 55 $387,499 55
Risks written during 1897,
Total,
Risks terminated during 1897
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
8,289,713 00 112,679 03 112,679 03
$36,401,566 00 $500,178 58 $500,178 58
6,911,794 00 92,998 46 92,998 46
,489,772 00 $407,180 12 $407,180 12
15,575 00 180 16 180 16
,474,197 00 $406,999 96 $406,999 96
Miscellaneous.
Losses incurred during the year, . .
Profits or surplus returned during 1897, 50 and 70 per cent.
$26,520 39
COHASSET MUTUAL FIRE INSURANCE CO.
21
COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET.
[Incorporated March 18, 1845. Commenced business March 16, 1846.]
LOUIS N. LINCOLN, President. PHILANDER BATES, Secretary.
Detailed Statement of Stocks, Bonds, etc.
9 shares City National Bank, Boston,
3 " Merchants' National Bank, Boston, .
Par Value. Market Value.
$900 00 $900 00
300 00 300 00
.,200 00 $1,200 00
Summary of Assets Dec. 31, 1897.
Stocks, bonds, etc., as per schedule, . . $1,200 00
Cash in the office of the company, . . . 167 60
Cash deposited in bank, 994 94
Office furniture, . . . . $60 00
Prem's more than three mos. due, . 2 70
Gross assets, __ f 2,362 54
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Gross liabilities,
Balance against company, . ...
$970 00
2,885 12
3,855 12
$1,492 58
Income.
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest and dividends received from all sources, .
Gross cash income, . . . .
$21 78
6 30
$15 48
1,127 86
$1,143 34
2 70
$1,140 64
13 55
$1,127
09
9
65
31
95
$1,168 69
22 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
. . . $15
00
438
38
298
48
. . - . 11
21
69
60
$832
67
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $351,535 00
Risks written during 1897, . 74,460 00
In force at end of year, .
Total, .... $425,995 00
Risks terminated during 1897, 64,180 00
$361,815 00
Cash Prem's. Conting't Prem's.
$5,407 91 $16,440 60
1,127 86 3,383 58
$6,535 77
965 00
$5,570 77
,824 18
2,886 70
,937 48
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 15, 30 and 50 per cent.
$985 00
COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE
COMPANY, BOSTON.
[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.]
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Fitchburg R.R. bonds, ....
Chicago, Burlington & Quincy R.R. bonds,
Boston city bond, . .
Metropolitan Street R.R. bonds,
Maine Central R.R. bonds,
Cheshire R.R. bonds,
Portland & Ogdensburg R.R. bonds,
New York & New England R.R. bonds,
Lynn & Boston R.R. bonds,
Middlesex R R. bonds,
Highland Street R.R. bonds, .
South Boston R R. bonds, .
West End Street R.R. bonds, .
Par Value.
$34,000 00
10,000 00
2,000 00
5,000 00
36,000 00
17,000 00
10,000 00
17,000 00
12,000 00
1,000 00
1,000 00
5,000 00
32,000 00
Market "Value.
$36,750 00
10,600 00
2,010 00
5,275 00
38,250 00
17,170 00
10,600 00
20,230 00
12,000 00
1,055 00
1,040 00
5,325 00
33,345 00
COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 23
N. Y., N. H. & Hartford R.R. bonds,
Watertovvn city bonds,
Taunton city bonds, .
Connecticut River R R. bonds, .
Bangor & Aroostook R.R. bonds,
Corporation notes,
Par Value.
$6,000 00
4,000 00
10,000 00
5,000 00
15,000 00
65,000 00
Market Value.
$6,570 00
4,180 00
10,850 00
5,000 00
15,300 00
59,000 00
'$287,000 00 $294,550 00
Summary of Assets Dec. 31, 1897.
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$294,550 00
4,449 42
27,885 34
4,457 45
2,471 83
600 00
$334,414 04
Liabilities.
Losses claimed and reported, .... $17,550 17
Unearned premiums on outstanding risks, . 162,983 35
State and local taxes, ..... 642 17
Gross liabilities, ..... — — — -
181,175 69
Net cash assets,
$153,238 35
Income,
Premiums outstanding Dec. 31, 1896, . . $3,251 49
Premiums on risks written or renewed, . . 333,829 54
Total, . . . . . . . . $337,081 03
Premiums now in course of collection, . . 2,471 83
Entire premiums collected, ....
Interest and dividends received from all sources, .
Gross cash income, ........
$334,609 20
10,999 45
$345,608 65
Expenditures.
Cash paid for losses, . . . .
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents and joint office expenses, .
for inspections, ....
for incidentals, ....
$22,656 29
236,680 39
8,197 85
3,943 36
8,894 39
9,360 79
670 53
Gross cash expenditures,
$290,403 60
24
DEDHAM MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. CashPrem's. Conting't Prem's.
Risks outstanding Dec 31, 1896, $32,728,545 00 $304,866 41 $1,524,332 05
Risks written during 1897, . 37,805,374 00 333,829 54 1,669,147 70
Total, . . . . $70,533,919 00 $638,695 95 $3,193,479 75
Risks terminated during 1897, 35,391,396 00 312,729 26 1,563,646 30
In force at end of year, . . $35,142,523 00 $325,966 69 $1,629,833 45
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1897, 75 per cent.
$39,832 00
DEDIIAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.]
GEO. B. FAUNCE, President. ELIJAH HOWE, Jr., Secretary.
Amount of permanent fund,
,765 77
Detailed Statement of Stocks, Bonds, etc.
Dedham National Bank stock, .
Dedham Water Co. stock, .
Atch., Topeka & Santa Fe R.R. stock,
Atch., Topeka & Santa Fe R'y stock,
Boston city bonds,
Cincinnati city bonds,
Salem water bonds, .
Washington County (111.) bonds,
N. H. Trust Co bonds,
Western Security Co. bonds, .
Lombard Investment Co. bonds,
New England Mortgage Security Co. bonds,
Boston & Lowell R R. bonds, .
Kan. City, St Jos & Council Bluffs R.R. bonds
Atch., Topeka & Santa Fe R.R. bonds, .
Philadelphia & Reading R.R. bonds,
Union Pacific Railway bonds, .
St. Johnsbury & Lake Champlain R.R. bonds,
New York, New Haven & Hartford R.R bonds,
Par Value.
$1,200 00
2,500 00
5,000 00
7,300 00
2,000 00
6,000 00
3,000 00
5,000 00
4,250 00
6,000 00
2,590 00
8,000 00
10,000 00
2,000 00
12,000 00
5,000 00
16,000 00
6,000 00
5,000 00
Market Value.
$1,200 00
2,500 00
650 00
2,044 00
2,240 00
6,840 00
3,150 00
5,000 00
3,000 00
3,600 00
1,340 00
7,600 00
10,700 00
2,360 00
9,320 00
6,350 00
16,720 00
7,147 50
5,450 00
$108,840 00 $97,211 50
DEDHAM MUTUAL FIRE INSURANCE CO.
25
Summary of Assets Dec. 81, 1897.
st liens*),
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks, bonds, etc , as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, ....
Gross liabilities,
Net cash assets, . . . .
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total, ......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
$35,400 00
1,195 51
97,211 50
44 54
4,469 59
1,189 00
4,377 23
$500 00
45,731 19
171 52
2,626 58
656 58
$2,554 30
34,019 78
$36,574 08
4,377 23
$32,196 85
437 73
sources,
Gross cash income,
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, ......
for incidentals, ....
Gross cash expenditures, ....
$12,129 33
255 54
$143,887 37
49,685 87
,201 50
$31,759 12
1,877 50
4,254 59
$37,891 21
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$11,873 79
11,842 79
4,654 55
4,602 24
348 43
270 00
756 23
$34,348 03
26
DORCHESTER MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $5,203,059 00
Risks written during 1897, . 2,153,235 00
Cash Prem's. Conting't Prem's.
,386 68 $82,386 68
34,019 78 34,019 78
Total, .... $7,356,294 00 $116,406 46 $116,406 46
Risks terminated during 1897, 1,762,472 00 27,688 83 27,688 83
In force at end of year, .
$5,593,822 00 $88,717 63
,717 63
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 25, 50 and 70 per cent.
$10,629 00
DORCHESTER MUTUAL FIRE INSURANCE COMPANY,
BOSTON.
[Incorporated February, 1855. Commenced business July, 1855.]
THOMAS F. TEMPLE, President. W. D. CURTIS, Secretary.
Office^ Neponset.
Amount of permanent fund, $200,000 00
Detailed Statement of Stocks,
Detroit, Lansing & Northern Railroad bonds,
Fitchburg Railroad bonds,
Chicago, Burlington & Quincy Railroad bonds
56 shares Blue Hill National Bank,
50 '
20 '
20 '
12 ■
10 '
30 '
33 '
10 '
5 '
10 '
304 '
273
75 '
56 '
123
300 '
Boston National Bank, .
Howard National Bank, .
Continental National Bank,
Hide and Leather National Bank,
New England National Bank,
Columbian National Bank,
State National Bank,
Mt. Wollaston National Bank,
Granite National Bank, .
Weymouth National Bank,
Boston & Albany Railroad,
Old Colony Railroad,
Boston & Maine Railroad,
Boston & Lowell Railroad,
Boston Lead MTg Co., .
International Trust Co., .
Bonds, etc.
Par Value.
$7,000 00
22,000 00
10,000 00
5,600 00
5,000 00
2,000 00
2,000 00
1,200 00
1,000 00
3,000 00
3,300 00
1,000 00
500 00
1,000 00
30,400 00
27,300 00
7,500 00
5,600 00
12,300 00
30,000 00
Market Value.
$6,700 00
23,320 00
9,900 00
5,880 00
4,500 00
1,720 00
2,040 00
1,260 00
1,460 00
2,460 00
3,630 00
1,400 00
650 00
1,200 00
66,880 00
51,051 00
12,600 00
12,208 00
18,450 00
60,000 00
$177,700 00 $287,309 00
DORCHESTER MUTUAL FIRE INSURANCE CO.
27
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . f 22,000 00
Loans on mortgage of real estate (first liens*), 21,588 13
Interest due or accrued thereon, , . . 758 33
Stocks, bonds, etc., as per schedule, . . 287,309 00
Cash deposited in bank, .... . t 8,320 49
Interest due and accrued, 750 00
Premiums in course of collection (gross), . 15,277 57
Rents due and accrued, . . . . . 120 00
Prem's more than three mos. due, . $2,300 75
Gross assets, ■
$356,123 52
Liabilities.
Losses adjusted, unpaid, . .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Due for borrowed money,
Commissions and brokerage, .
Gross liabilities,
Net cash assets, .
Income
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income, .
$4,678 55
245,192 31
2,850 00
15,000 00
2,292 82
$16,065 84
1,500 00
|14,565 84
151,149 38
$165,715 22
17,578 32
$148,136 90
3,828 01
other sources,
270,013 68
,109 84
$144,308 89
1,367 97
975 00
11,568 49
1,097 00
$159,317 35
Expenditures.
Cash paid for losses, .
Deduct salvage and reinsurance,
Net cash paid for losses,
,768 95
39 46
,729 49
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$17,000 00
20,400 00
19,000 00
28
ESSEX MUTUAL FIRE INSURANCE CO.
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
for interest on borrowed money,
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $32,814,753 00
Risks written during 1897, . 9,578,957 00
Total, .... $42,393,710 00
Risks terminated during 1897, 10,601,235 00
Cash Prem's.
$513,525 91
151,149 38
$664,675 29
168,064 81
$65,837 99
23,440 59
8,912 27
2,423 72
3,301 07
927 92
$165,573 05
Conting't Prem's.
$513,525 91
151,149 38
$664,675 29
168,064 81
In force at end of year,
. $31,792,475 00
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 20, 40 and 60 per cent.
$496,610 48 $496,610 48
11,348 00
ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated 1829. Commenced business 1829.]
HENRY M. MEEK, President. CHARLES H. ODELL, Secretary.
Amount of permanent fund, . $51,152 23
Detailed Statement of Stocks,
Oregon Improvement Co. bonds,
American Investment Co. bonds,
Cleveland & Canton R'y Co. bonds,
City of Missoula (Mont.) bonds,
Duluth Transfer Co. bonds,
19 shares Asiatic National Bank,
14 " Salem National Bank,
41 " Mercantile National Bank,
16 " Lynn Gas and Electric Co.,
30 " Union Stock Yards Co., .
Bonds, etc.
Par Value.
$5,000 00
1,500 00
5,000 00
4,000 00
3,000 00
570 00
1,400 00
4,100 00
1,600 00
3,000 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $21,000 00
Loans on mortgage of real estate (first liens*), 3,000 00
Interest due or accrued thereon, . . . 177 00
Market Value.
$5,125 00
600 00
750 00
4,480 00
3,000 00
570 00
1,400 00
4,305 00
3,200 00
3,750 00
$29,170 00 $27,180 00
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$700 00
2,800 00
2,500 00
ESSEX MUTUAL FIRE INSURANCE CO.
29
Stocks, bonds, etc., as per schedule, . . $27,180 00
Cash in the office of the company, . . . 622 88
Cash deposited in bank, 1,687 37
Interest due and accrued, 150 40
Premiums in course of collection (gross), . 3,038 62
Rents due and accrued, 300 00
Prem's more than three mos. due, . $163 00
Gross assets, ......
Liabilities.
Losses adjusted, unpaid, $1,425 00
Losses disputed or resisted, .... 2,765 00
Unearned premiums on outstanding risks, . 23,822 52
Return premiums on cancelled policies, . . 218 44
Profits or surplus on terminated policies, unpaid, 1,227 07
Due for borrowed money, .... 8,000 00
State and local taxes, 37 15
Commissions and brokerage, .... 486 23
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, . . .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .
Incidentals,
Gross cash income,
Expenditures
Cash paid for losses, ....
Deduct salvage and reinsurance,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures,
$4,547 01
24,985 33
$29,532 34
3,201 62
$26,330 72
2,094 44
sources,
$19,890 72
4,023 46
$60,156 27
37,981 41
$22,174 86
$24,236
28
38
10
90 00
1,217
75
511
43
245
72
$26,339
28
$15,867 26
4,445 97
4,153 82
3,380 00
663 86
200 01
1,345 82
,056 74
30 FALL EIVER MANUFACTURERS' MUTUAL INSURANCE CO.
Risks and Premiums.
Amount.
Risks outstanding Dec 31,1896, $2,032,953 00
Risks written during 1897, . 1,462,019 00
Total, .... $3,494,972 00
Risks terminated during 1897, 1,289,100 00
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
^2,205,872 00
3,383 00
Cash Prem's. Conting't Prem's.
$36,814 97 $36,814 97
21,985 33 24,985 33
$61*800 30
20,370 60
$41,429 70
54 51
!,202,489 00 $41,375 19
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 20, 40 and 60 per cent.
$61,800 30
20,370 60
$41,429 70
54 51
$41,375 19
$9,932 00
FALL RIVER MANUFACTURERS' MUTUAL INSURANCE
COMPANY, FALL RIVER.
[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.]
THOMAS J. BORDEN, President. CHARLES S. WARING, Secretary.
Detailed Statement of Stocks,
Taunton city bonds, .
Fall River city bonds,
Boston city bonds,
Newport (R. I.) city bonds,
Cleveland (O.) city bonds,
Boston & Lowell R.R. bonds, .
Boston & Providence R.R. bonds,
Concord & Montreal R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Phila., Wilmington & Baltimore R R. bonds,
Old Colony R R. bonds, ....
Boston & Maine R R. bonds,
West End Street Railway bonds,
Bonds, etc.
Par Value.
$15,000 00
21,000 00
40,000 00
20,000 00
25,000 00
30,000 00
20,000 00
15,000 00
15,000 00
20,000 00
30,000 00
10,000 00
15,000 00
Market Value.
$16,425 00
24,540 00
43,600 00
21,900 00
27,500 00
31,100 00
21,400 00
15,975 00
14,625 00
21,000 00
33,000 00
10,800 00
15,525 00
$276,000 00 $297,390 00
Summary of Assets Dec. 31, 1897.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
$297,390 00
540 85
46,006 73
3,892 14
1,818 99
$349,648 71
FALL RIVER MANUFACTURERS* MUTUAL INSURANCE CO. 31
Liabilities.
Unpaid losses, $120 00
Unearned premiums on outstanding risks, . 153,547 29
State and local taxes, . . . . . 549 76
Gross liabilities, . . . . .
Net cash assets,
$151,217 05
$195,431 66
Income.
Premiums outstanding Dec. 31, 1896,
Same not collected, ......
$1,565 13
31 50
Net collected,
Premiums on risks written or renewed, .
$1,533 63
319,365 25
Total, . . .
Premiums now in course of collection, .
$320,898 88
1,818 99
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources
$319,079 89
10,712 75
$308,367 14
12,500 88
, • . •
Gross cash income, .....
$320,868 02
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections,
for incidentals,
Gross cash expenditures, .
$14,043 89
266,220 72
11,232 00
3,076 10
504 00
4,715 00
1,085 91
$300,877 62
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's,
Risks outstanding Dec. 31,1896, $36,278,957 00 $308,470 01 $1,542,350 05
Risks written during 1897, . 38,319,109 00 319,365 25 1,596,826 25
Total, ..... $74,598,066 00 $627,835 26 $3,139,176 30
Risks terminated during 1897, . 37,843,900 00 320,740 68 1,603,703 40
In force at end of year, . . $36,754,166 00 $307,094 58 $1,535,472 90
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 85 t 8 q 8 o V qv cent.
$13,961 00
32
FITCHBURG MUTUAL FIRE INSURANCE CO.
FITCH BURG MUTUAL FIRE INSURANCE COMPANY,
FITCHBURG.
[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.]
AMASA NORCROSS, President. LINCOLN R. WELCH, Secretary.
Amount of permanent fund,
$106,226 50
Detailed Statement of Stocks, Bonds, etc.
Cheshire R.R. bonds,
Fitchburg and Leominster St. R'y bonds,
Investment Trust Co. of America, .
Minnesota Thresher Manufacturing Co.,
City of Fitchburg water bonds,
10 shares Fitchburg National Bank,
20 " Rollstone National Bank, .
10 " Fitchburg R.R.,
15 " Springfield Safe Dep. & Trust Co.,
Par Value.
f5,000 00
5,000 00
7,500 00
24,000 00
5,000 00
1,000 00
2,000 00
1,000 00
1,500 00
Market Value.
$5,000 00
5,300 00
7,500 00
24,000 00
5,000 00
1,420 00
2,800 00
1,000 00
2,100 00
Securities held as collateral for cash loans : —
40 shares Simonds Manufacturing Co.,
40 " Simonds Manufacturing Co.,
50 " Garfield & Proctor Coal Co., .
$52,000 00 $54,120 00
Market Value. Loaned Thereon.
$6,000 00
6,000 00
6,250 00
$3,200 00
3,000 00
4,500 00
$18,250 00 $10,700 00
Summary of Assets Dec.
31, 1897.
Cash value of unencumbered real estate,
$80,000 00
Loans on mortgage of real estate (first liens*),
33,649 00
Interest due or accrued thereon,
700 39
Stocks, bonds, etc., as per schedule, .
54,120 00
Loans on collateral security, as per schedule, .
10,700 00
All other cash loans,
3,700 00
Cash in the office of the company,
1,240 43
Cash deposited in bank, . . . .',';.
17,864 44
Interest due and accrued, ......
1,631 46
Premiums in course of collection (gross),
8,952 78
Rents due and accrued,
171 32
Gross assets, ......
$212,729 82
Amount of insurance held as collateral, .
39,740 00
FITCHBURG MUTUAL FIRE INSURANCE CO.
33
Liabilities.
Losses adjusted, unpaid, $4,137 04
Losses claimed and reported, .... 1 ,003 00
Unearned premiums on outstanding risks, . 128,725 18
Profits or surplus on terminated policies, unpaid, 2,267 07
Due for borrowed money, .... 20,000 00
Commissions and brokerage, .... 1,342 91
Gross liabilities,
Net cash assets, .........
$157,475 20
$55,254 62
Income.
Premiums outstanding Dec. 31, 1896, . . $16,311 16
Premiums on risks written or renewed, . . 114,663 71
Total, $130,974 87
Premiums now in course of collection, . . 8,952 78
Entire premiums collected, .... $122,022 09
Less reinsurance and return premiums, . . 561 87
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Gross cash income,
$121,460 22
804 80
2,723 44
2,333 50
3,205 11
$130,527 07
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for expenses on real estate,
for incidentals,
Gross cash expenditures, ....
$52,308 02
26,008 95
17,354 94
6,806 11
2,446 94
2,541 38
7,655 01
$115,121 35
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1896, $20,292,880 00 $305,183 79
Risks written during 1897, . 7,823,698 00 114,663 71
Total,.
Risks terminated during 1897,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$28,116,578 00 $419,847 50
9,534,944 00 149,897 43
$18,581,634 00 $269,950 07
32,562 00 561 87
Conting't Prem's.
$305,183 79
114,663 71
$419,847 50
149,897 43
$269,950 07
561 87
$18,549,072 00 $269,388 20 $269,388 20
34
GROVEL AND MUTUAL FIRE INSURANCE CO.
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 10 and 20 per cent.
$49,557 00
GROVELAND MUTUAL FIRE INSURANCE COMPANY,
GROVELAND.
[Incorporated March 28, 1828. Commenced business March 28, 1828.]
MOSEB FOSTER, President. NATHANIEL H. GRIFFITH, Secretary.
[Note. — This company charges no cash premiums, but relies upon assessments on deposit
notes to pay losses and expenses.]
Summary of Assets Dec. 31, 1897.
Cash in the office of the company, . . . $ 36 87
Cash deposited in bank, 17 13
Gross assets, — $54 00
Income.
Interest on deposits, .
Income from policy fees, .
Assessments on deposit notes, .
Gross cash income,
$ 10 50
210 50
106 84
$327 84
Expenditures.
Cash paid for losses,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, . . .
$382 11
481 58
84
40 00
9 00
$913 53
Risks and Premiums.
Risks outstanding Dec. 31, 1896,
Risks -written during 1897,
Total,. .
Risks terminated during 1897, .
In force at end of year, ....
Miscellaneous
Losses incurred during the year,
Amount. Conting't Prem's.
,707,725 00 $122,408 44
346,758 00 23,815 37
1,054,483 00 $146,223 81
327,930 00 22,314 89
.,726,553 00 $123,908 92
$82 00
HAMPSHIRE MUTUAL FIRE INSURANCE CO.
35
HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY,
NORTHAMPTON.
[Incorporated March 6, 1830. Commenced business July 1, 1832.]
CHARLES N. CLARK, President. OLIVER WALKER, Secretary.
Amount of permanent fund,
$27,523 66
Detailed Statement of Stocks, Bonds, etc.
63 shares Conn. River R.R.,
20 " Northampton National Bank, .
25 " Chicago, Burl. & QuincyR.R., .
Chicago, Burlington & Quincy R.R. bonds,
Conn. River R.R. scrip dividend,
Securities held as collateral for cash loans :
14 shares Brooklyn Loan and Trust Co., .
Par Value.
Market Value.
$6,300 00
$16,254 00
2,000 00
2,800 00
2,500 00
2,500 00
400 00
440 00
1,000 00
1,000 00
$12,200 00
$22,994 00
Market Value. Loaned Thereon.
$3,360 00 $ 1,500 00
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $16,800 00
Interest due or accrued thereon, . . . 319 59
Stocks, bonds, etc., as per schedule, . . 22,994 00
Loans on collateral security, as per schedule, . 1,500 00
Cash in the office of the company, . . . 174 30
Cash deposited in bank, . ... . . 4,888 27
Interest due and accrued, 437 19
Premiums in course of collection (gross), . 271 89
Gross assets,
$47,385 24
Liabilities.
Unearned premiums on outstanding risks, . $27,635 20
Profits or surplus on terminated policies, unpaid, 31103
State and local taxes, 30 89
Commissions and brokerage, .... 38 60
Gross liabilities, 28,015 72
Net cash assets, . . $19,369 52
* Value of lands mortgaged, $10,200 00
Value of buildings thereon, 27,800 00
Amount of insurance held as collateral, .... 22,800 00
36
HINGHAM MUTUAL FIRE INSURANCE CO.
Income.
Premiums on risks written or renewed,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, ....
Expenditures.
Cash paid for losses, .
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for rents, . . . .
for incidentals,
Gross cash expenditures, .
$16,280 93
271 89
$16,009 04
' 450 62
sources,
|15,558
42
90
04
842
29
948
64
$17,439 39
$5,027
22
7,381
19
1,780
69
1,468
00
159
85
150
00
306
99
,273 94
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Risks and Premiums.
Amount.
3,942,120 00
1,116,895 00
Total, . . .
Risks terminated during 1897,
In force at end of year, .
$5,059,015 00
1,198,030 00
Cash Prem's.
$55,553 57
16,280 93
|71,834 50
17,169 92
Conting't Prem's.
$55,553 57
16,280 93
|71,834 50
17,169 92
$3,860,985 00 $54,664 58 $54,664 58
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 20, 40 and 50 per cent.
1,027 00
HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM.
[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.]
WM. FEARING, 2d, President. HENRY W. CUSHING, Secretary.
Amount of permanent fund, $193,042 98
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value .
30 shares Hingham National Bank, Hingham, $3,000 00 $3,060 00
60 " Old Colony Nat'l Bank, Plymouth, 6,000 00 7,500 00
8 " Abington Nat'l Bank, Abington, . 800 00 840 00
HINGHAM MUTUAL FIRE INSURANCE CO.
37
10 shares Globe National Bank, Boston,
19 " Hamilton National Bank, Boston,
29 " Eagle National Bank, Boston,
12 " Union National Bank, Boston,
34 " State National Bank, Boston, .
26 " North America Nat'l Bank, Boston,
11 " Commerce National Bank, Boston,
30 " Webster National Bank, Boston,
50 " Hingham Water Company,
92 " Old Colony Railroad,
109 " Boston & Albany Railroad,
27 " Chicago, Burlington & Quincy R.R.
Eastern Railroad bonds, ....
Union Pacific Railroad bonds, .
Chicago, Burlington & Quincy Railroad bonds
Hingham Water Company bonds, .
Fitchburg Railroad bonds,
Securities held as collateral for cash loans : —
Helena Consolidated Water Company bonds,
60 shares Maine Central R.R.,
200 " Cent. Mass. R.R., . . .
50 " Hereford Railway Co., .
250 " Metropolitan Steamship Co., .
Little Rock & Fort Smith Railroad bonds,
Union Pacific, Denver & Gulf R.R. bonds,
Kansas Pacific R.R bonds,
100 shares Upper Coos R.R., .
40 " Boston & Maine R.R., .
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross) ,
Prem's more than three mos. due, . f 86 41
Gross assets,
}
Par Value.
$1,000 00
1,900 00
2,900 00
1,200 00
3,400 00
2,600 00
1,100 00
3,000 00
5,000 00
9,200 00
10,900 00
2,700 00
5,000 00
5,000 00
5,600 00
10,000 00
15,000 00
Market Value.
$872 50
1,961 75
2,175 00
1,563 00
3,740 00
2,340 00
1,163 25
3,045 00
6,000 00
17,296 00
24,198 00
2,700 00
5,950 00
5,650 00
6,423 00
10,300 00
15,975 00
$95,300 00 $122,752 50
Market Value. Loaned Thereon.
),000 00 $ 15,923 11
23,600 00 20,000 00
87,500 00 25,000 00
16,087 50 12,000 00
19,220 00 15,000 00
$166,407 50 f87,923 11
31, 1897.
$15,720 97
112,700 00
1,962 02
122,752 50
87,923 11
1,059 09
22,070 14
2,371 61
39 19
$366,598 63
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$58,500 00
145,950 00
124,800 00
38
HINGHAM MUTUAL FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
Gross liabilities, .
Net cash assets,
$400 00
5 00
223,760 93
2,942 38
18 84
Income.
Premiums outstanding Dec. 31, 1896, . . , $679 86
Same not collected, 86 41
Net collected, $593 45
Premiums on risks written or renewed, . . 116,965 73
Total, $117,559 18
Premiums now in course of collection, . . 125 60
Entire premiums collected, .... $117,433 58
Less reinsurance and return premiums, . . 3,968 76
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $28,515,418 00
Risks written during 1897, . 7,725,650 00
Cash Prem's.
$417,021 62
116,965 73
$533,987 35
114,531 93
5,431,050 00 $419,455 42
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 40 and 60 per cent.
Total, . - . . . $36,241,068 00
Risks terminated during 1897, 7,810,018 00
In force at end of year, .
$227,127 15
$139,471 48
$113,464 82
2,047 35
5,991 40
9,455 59
$130,959 16
$27,711 48
69,307 48
16,703 88
6,351 75
1,226 36
1,101 22
$122,402 17
Conting't Prem's.
$417,021 62
116,965 73
$533,987 35
114,531 93
$419,455 42
$28,049 00
HOLYOKE MUTUAL FIRE INSURANCE CO.
39
HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated March 14, 1843. Commenced business May 23, 1843.]
CHARLES H. PRICE, President. WALTER L. HARRIS, Secretary.
THOS. H. JOHNSON, Vice-President.
Guaranty Capital, $100,000.
Amount of permanent fund,
Detailed Statement of Stocks, Bonds, etc.
Par Value.
Wayne County (Mich.) bonds, . . . $10,000 00
Marion County (Ind.) bonds, .... 10,000 00
Washington County (Ind.) bonds, . . . 2,000 00
Boston (Mass.) city bonds, .... 5,000 00
Billerica (Mass.) town bonds, .... 2,000 00
Birmingham (Ala.) city bonds, . . . 5,000 00
Cincinnati (Ohio) city bonds, .... 16,000 00
Columbus (Ohio) city bonds, .... 15,000 00
Cleveland (Ohio) city bonds 8,000 00
Cambridge (Mass.) city bonds, . . . 5,000 00
Des Moines (Iowa) city bonds, . . . 3,000 00
Dayton (Ohio) city bonds, .... 10,000 00
Evansville (Ind ) city bonds, .... 6,000 00
Dover (N. H.) city bonds, .... 5,000 00
Fitchburg (Mass.) city bonds, . . . . 2,000 00
Indianapolis (Ind.) city bonds, . . . 10,000 00
Jersey City (N. J.) city bonds, . . . 5,000 00
Allen County (Ind.) bonds, .... 10,000 00
Pawtucket (R. I.) city bonds, .... 10,000 00
Jefferson ville (Ind.) city bonds, . . . 7,000 00
Lynn (Mass.) city bonds, 12,000 00
Lawrence (Mass.) city bonds, .... 5,000 00
Maiden (Mass.) city bonds, . . . . 11,000 00
New Haven (Conn.) city bonds, . . . 5,000 00
Orange (N. J.) city bonds, .... 10,000 00
Salem (Mass.) city bonds, .... 4,000 00
St. Louis (Mo ) city bonds, .... 5,000 00
St. Paul (Minn ) city bonds, .... 25,000 00
Atchison, Topeka and Santa Fe R.R. bonds, . 14,000 00
Boston & Maine R.R. bonds, .... 10,000 00
Baltimore & Ohio R.R. bonds, .... 10,000 00
Burlington & Missouri River R.R. (Neb.) bonds, 10,000 00
Cincinnati, Hamilton & Dayton R.R. bonds, . 10,000 00
Chesapeake & Ohio R R. bonds, . . . 10,000 00
Cleveland, L. & Wheeling R.R. bonds, . . 10,000 00
Chicago, Burlington & Northern R.R. bonds, . 10,000 00
Chicago & Alton R.R. bonds, . . . . 5,000 00
Chicago & Eastern Illinois R.R. bonds, . . 5,000 00
$494,105 40
Market Value.
$10,400 00
10,950 00
2,160 00
5,075 00
2,020 00
3,750 00
18,765 00
16,500 00
8,880 00
5,700 00
3,090 00
10,500 00
6,300 00
5,125 00
2,040 00
10,100 00
5,850 00
10,350 00
10,650 00
7,000 00
12,760 00
5,450 00
11,410 00
5,500 00
11,400 00
4,040 00
5,175 00
28,550 00
10,910 00
10,250 00
10,800 00
9,700 00
10,600 00
11,850 00
10,400 00
10,700 00
5,650 00
5,100 00
40
HOLYOKE MUTUAL FIRE INSURANCE CO.
Chicago & West Indiana R.R. bonds,
Central Pacific R.R. bonds,
Central New Jersey R.R. bonds,
Boston & Lowell R.R. bonds, .
Fitchburg R.R. bonds,
Housatonic R.R. bonds,
Jackson, Lansing & Saginaw R.R. bonds,
Kansas City, St. Jo. & C. B. R.R. bonds, .
Kansas City, Ft. S. & Memphis R R. bonds,
Lehigh Valley R.R. bonds,
New Haven & Derby R.R. bonds, .
Northwestern Union R.R. bonds,
Maine Central R.R. bonds,
Norwich & Worcester R.R. bonds, .
New England R.R. bonds,
Narragansett Pier R.R. bonds, .
Old Colony R.R. bonds, ....
Terre Haute & Southeastern R.R. bonds,
Union Pacific R.R. bonds,
Consolidated Vermont R.R. bonds, .
Boston Building Co., Denver, Col., bonds,
Col. M. S. Exchange, Denver, Col., bonds,
Delaware & Hudson Canal Co. bonds,
Keokuk Water Co. bonds,
Western Union Telegraph Co. bonds,
31 shares Old Colony R.R., . ...
50 " Portland, Portsmouth & Saco R.R.
55 " N. Y., New Haven & Hart. R.R.,
100 " Pitts., F. Wayne & Chic. R.R.,
40 " National Exchange Bank, Salem,
10 " First National Bank, Salem, .
10 " Merchants' National Bank, Salem,
35 " Mercantile National Bank, Salem,
41 " Naumkeag National Bank, Salem,
140 " Salem National Bank, Salem,
30 " Atlantic National Bank, Boston,
10 " Blackstone National Bank, Boston,
31 " Continental National Bank, Boston,
50 " Freeman's National Bank, Boston,
30 " Globe National Bank, Boston,
100 " Merchants' National Bank, Boston,
50 " Republic National Bank, Boston, .
30 " Revere National Bank, Boston,
100 " Second National Bank, Boston,
40 " Shoe & Leather Nat'l Bank, Boston,
10 " Beverly National Bank, Beverly, .
20 " So. Danvers Nat'l Bank, Peabody, .
12 " First National Bank, Newburyport,
Par Value.
$8,000 00
3,000 00
7,000 00
1,000 00
10,000 00
10,000 00
6,000 00
5,000 00
8,000 00
5,000 00
20,000 00
8,000 00
4,000 00
5,000 00
25,000 00
10,000 00
15,000 00
5,000 00
28,000 00
2,000 00
10,000 00
10,000 00
5,000 00
10,000 00
5,000 00
3,100 00
5,000 00
5,500 00
10,000 00
4,000 00
1,000 00
500 00
3,500 00
4,100 00
14,000 00
3,000 00
1,000 00
3,100 00
5,000 00
3,000 00
10,000 00
5,000 00
3,000 00
10,000 00
4,000 00
1,000 00
2,000 00
1,200 00
Market Value.
$9,600 00
3,060 00
7,910 00
1,030 00
10,500 00
12,300 00
6,120 00
6,025 00
8,160 00
6,100 00
22,400 00
11,520 00
4,300 00
5,400 00
31,625 00
10,550 00
16,200 00
5,000 00
28,950 00
1,350 00
10,200 00
10,000 00
7,200 00
10,200 00
5,550 00
5,797 00
7,400 00
10,120 00
16,850 00
3,600 00
900 00
660 00
3,570 00
5,289 00
13,580 00
3,180 00
850 00
2,325 00
4,250 00
2,610 00
15,700 00
7,100 00
2,400 00
17,600 00
3,760 00
1,425 00
2,400 00
1,536 00
$644,000 00 $719,602 00
HOLYOKE MUTUAL FIRE INSURANCE CO.
41
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . .
Interest due and accrued, . k .
Premiums in course of collection (gross),
Rents due and accrued, .
Gross assets,
,518 00
74,300 00
2,032 33
719,602 00
3,954 53
3,680 72
9,397 98
2,627 71
15 00
$884,128 27
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid
Commissions and brokerage, ....
$760 84
1,045 00
185 00
301,936 41
446 39
2,657 75
492 26
Gross liabilities, except guaranty capital, $307,523 65
Guaranty capital, ...... 100,000 00
Total . - . . 407,523 65
Net cash assets, .
$476,604 62
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, . . .
Gross cash income, ....
$891 48
160,433 73
$161,325 21
2,627 71
$158,697 50
7,578 97
sources,
$151,118 53
1,704 55
5,316 25
31,164 97
2,759 04
$192,063 34
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$50,500 00
111,000 00
74,950 00
42
HOME GUARANTY MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses, . ....
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for dividends to guaranty capital, .
for incidentals, ....
Gross cash expenditures, ....
$56,972 72
78,319 04
22,956 38
15,462 59
1,321 21
7,000 00
5,301 06
$187,333 00
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1896, f 42,308,862 00 $622,604 51
Risks written during 1897, . 10,931,068 00 160,433 73
Total, .... $53,239,930 00 $783,038 24
Risks terminated during 1897, 11,786,975 00 174,349 54
In force at end of year, . . $41,452,955 00
Deduct amount reinsured, . 90,850 00
,688 70
821 20
Conting't Prem's.
$622,604 51
160,433 73
$783,038 24
174,349 54
$608,688 70
821 20
Net amount in force, . $41,362,105 00 $607,867 50 $607,867 50
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 20, 40 and 60 per cent.
$56,534 00
HOME GUARANTY MUTUAL FIRE INSURANCE COMPANY
OF LOWELL.
[Incorporated Oct. 3, 1895. Commenced business Jan. 1, 1896.]
FREDERICK LAWTON, President. WILLIS P. BURBANK, Secretary.
Guaranty capital, $50,000 00
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $45,455 50
Interest due or accrued thereon, . . .. 527 04
Cash in the office of the company, . . . 335 85
Cash deposited in bank, 6,700 00
Interest accrued, 235 00
Premiums in course of collection (gross), . 7,260 30
Gross assets,
,513 69
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$49,400 00
50,000 00
46,950 00
HOME GUARANTY MUTUAL FIRE INSURANCE CO.
43
Liabilities.
Losses adjusted, unpaid, .
Losses disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except guaranty capital,
Guaranty capital, .....
Total,
Balance against company, .
Income.
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, .
$333 34
125 00
13,962 94
1,089 45
|15,510 73
' 50,000 00
Expenditures.
Cash paid for losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents, .
for dividend on guaranty capital,
Gross cash expenditures, .
$6,159 44
177 30
""$5,982 14
24,932 53
$30^914 67
7,260 30
|23,654 37
287 83
sources,
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Risks and Premiums.
Amount.
1,047,971 00
1,784,086 00
Total, . . . .
Risks terminated during 1897,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
12,832,057 00
827,797 00
$2,004,260 00
6,900 00
Cash Prem's.
$13,820 31
24,932 53
$38,752 84
14,353 99
$24,398 85
95 68
$65,510 73
~~$4~997 04
$23,366 54
1,703 11
808 22
$25,877 87
$15,487 92
4,031 66
2,072 00
763 00
2,721 68
2,500 00
$27,576 26
Conting't Prem's.
$13,820 31
24,932 53
,752 84
14,353 99
$24,398 85
95 68
$1,997,360 00 $24,303 17 $24,303 17
Miscellaneous.
Losses incurred during the year,
$15,946 00
44
INDUSTRIAL MUTUAL INSURANCE CO.
INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 17, 1890. Commenced business June 1, 1890.]
B. F. TAFT, President. BENJAMIN TAFT, Secretary.
Office, 31 Milk Street.
Detailed Statement of
N. Y., N. H. & Hart. R.R. bonds,
Watertown city bonds,
Taunton city bonds, .
West End Street R.R. bonds,
Fitchburg R.R. bonds,
Lynn & Boston R.R. bonds,
Maine Central R.R. bonds,
Conn. River R.R. bonds, .
Cheshire R R. bonds,
United States Rubber Co. stock,
Corporation notes, .
Stocks, Bonds, etc.
Par Value.
$ 2,000 00
3,000 00
5,000 00
35,000 00
20,000 00
5,000 00
15,000 00
5,000 00
500 00
10,000 00
72,500 00
Market Value.
$2,190 00
3,135 00
5,425 00
37,350 00
21,100 00
5,000 00
15,550 00
5,000 00
505 00
6,500 00
63,500 00
Summary of Assets Dec
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
State and local taxes,
Gross liabilities,
$173,000 00 $165,255 00
31, 1897.
$165,255 00
984 33
17,019 59
2,217 87
1,592 55
600 00
$187,669 34
$13,000 61
86,853 74
369 37
Net cash assets,
100,223 72
,445 62
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
$1,755 02
194,031 87
Total $195,786 89
Premiums now in course of collection, . . 1,592 55
Entire premiums collected, ....
Interest and dividends received from all sources, . . .
Gross cash income, . .
$194,194 34
5,313 11
$199,507 45
LOWELL MUTUAL FIRE INSURANCE CO.
45
Expenditures.
Cash paid for losses, ......
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for inspections,
for incidentals, .
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31, 1896, $18,418,791 00 $163,414 95
Risks written during 1897, . 22,012,595 00 194,031 87
Total, $40,431,386 00 $357,446 82
Risks terminated during 1897, . 19,879,789 00 183,739 35
$13,697 35
131,379 80
5,545 54
2,410 46
8,894 39
3,862 36
491 76
$166,281 66
Conting't Prem's.
$817,074 75
970,159 35
$1,787,234 10
918,696 75
In force at end of year,
. |20,551,597 00 $173,707 47
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1897, 75 per cent.
,537 35
$26,591 00
LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL.
[Incorporated March 8, 1832. Commenced business April, 1832.]
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary.
Amount of permanent fund Dec. 31, 1896,
Increase during the year, ....
Permanent fund Dec. 31, 1897,
Detailed Statement of Stocks,
Boston & Lowell R.R. bonds, ...
Fitchburg R.R. bonds,
Consolidated R.R. of Vermont bonds,
Boston city bond, ....
Maine Central R.R. bonds,
30 shares Lowell Bleachery,
2
10
2
10
50
5
Pacific Mills, .
Lawrence Manufacturing Co.,
Hamilton Manufacturing Co.,
Lowell Manufacturing Co.,
Massachusetts Cotton Mills,
Appleton Co., .
Bonds, etc.
Par Value.
$12,000 00
10,000 00
1,000 00
2,000 00
6,000 00
3,000 00
2,000 00
1,000 00
2,000 00
6,900 00
5,000 00
5,000 00
$83,643 62
2,481 70
,125 32
Market Value.
$12,555 00
10,305 00
625 00
2,270 00
6,240 00
3,184 00
4,205 00
1,065 00
1,400 00
5,275 00
4,737 00
1,500 00
46
LOWELL MUTUAL FIRE INSURANCE CO.
12 shares Merrimack Manufacturing Co.
50
30
6
30
20
20
65
Franklin Manufacturing Co.,
Hill Manufacturing Co., .
Vermont & Massachusetts R.R
Boston & Maine R.R.,
Boston & Lowell. R.R. ,
First National Bank, Lowell,
Lowell & Andover R.R., .
Par Value.
$12,000 00
5,000 00
3,000 00
600 00
3,000 00
• 2,000 00
2,000 00
6,500 00
Market Value.
$12,210 00
5,050 00
1,875 00
938 00
5,025 00
4,400 00
3,000 00
13,325 00
$90,000 00 $99,184 00
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $11,750 00
Interest due or accrued thereon, . . . 204 04
Stocks, bonds, etc., as per schedule, . . 99,184 O0
Cash in the office of the company, . . . 807 69
Cash deposited in bank, . . . . 17,451 89
Interest due and accrued, 1,776 21
Premiums in course of collection (gross), . 4,990 24
Gross assets, $136,164 07
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, .
Gross liabilities, ....
Net cash assets,
$75 39
58,300 23
1,213 65
669 66
60,258 93
$75,905 14
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,. .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from agency department, .
Gross cash income,
$3,285 98
42,874 30
$46,160 28
4,990 24
$41,170 04
1,386 32
sources,
$39,783 72
266 18
470 00
3,752 00
1,860 50
,132 40
* Value of lands mortgaged, . .
Value of buildings thereon, .
Amount of insurance held as collateral,
$12,500 00
16,000 00
13,000 00
LUMBER MUTUAL FIRE INSURANCE CO. 47
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
for incidentals,
,522 25
12,366 52
5,021 40
4,692 26
517 63
500 00
1,476 17
Gross cash expenditures, .... . . . $41,096 23
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dee. 31, 1896, $5,882,429 00 $98,713 04 $98,713 04
Risks written during 1897, . 2,674,732 00 42,874 30 42,874 30
Total, .... $8,557,161 00 $141,587 34 $141,587 34
Risks terminated during 1897, 1,863,806 00 29,559 19 29,559 19
In force at end of year, . . $6,693,355 00 $112,028 15 $112,028 15
Deduct amount reinsured, . 54,150 00 610 18 610 18
Net amount in force, . $6,639,205 00 $111,417 97 $111,417 97
Miscellaneous.
Losses incurred during the year, $13,874 00
Profits or surplus returned during 1897, 25, 50 and 70 per cent.
LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.]
WM. C. JOHNSON, President. E. J. JOHNSON, Secretary.
Office, 53 State Street.
Summary of Assets Dec. 31, 1897.
Cash in the office of the company, . . . $7 51
Cash deposited in bank, 25,676 58
Premiums in course of collection (gross), . 3,298 34
Prem's more than three mos. due, . $98 48
Gross assets, ...... $28,982 43
Liabilities.
Unearned premiums on outstanding risks, .... 16,724 25
Net cash assets, $12,258 18
48
LUMBER MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all sources,
Income from rents, etc., .
Gross cash income,
1,913 71
48 33
$2,865 38
38,426 77
$41,292 15
3,298 34
$37,993 81
5,530 43
$32,463 38
666 17
85 38
$33,214 93
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents,
for inspections, ....
Gross cash expenditures, ....
$13,565 92
2,949 61
4,753 89
411 48
1,852 94
2,359 67
$25,893 51
Risks and Premiums.
Amount. Cash Prem's, Conting't Prem's.
Risks outstanding Dec. 31, 1896, $1,597,367 00 $33,833 87 $101,501 61
Risks written during 1897, . 1,801,615 00 38,426 77 115,280 31
Total, ....
Risks terminated during 1897,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
13,398,982 00
1,783,251 00
$72,260 64 $216,781 92
38,601 61 115,804 83
,615,731 00 $33,659 03 $100,977 09
15,650 00 210 54 631 62
$1,600,081 00 $33,448 49 $100,345 47
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 10 per cent.
$13,566 00
LYNN MUTUAL FIRE INSURANCE CO.
49
LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN.
[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.]
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary.
Amount of permanent fund, $56,910 38
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
40 shares First National Bank, Lynn, . . $4,000 00 $6,000 00
20 " National City Bank, Lynn, . . 2,000 00 3,700 00
5 " Central National Bank, Lynn, . . 500 00 800 00
10 " Merchants' National Bank, Boston, . 1,000 00 1,580 00
15 " West Newton National Bank, . . 1,500 00 1,890 00
Chicago, Milwaukee & St. Paul R.R. bond, . 1,000 00 1,160 00
Southern Pacific R R bond, .... 500 00 575 00
Atlantic & Pacific R.R. bond, .... 1,000 00 99 00
Mexican Central R.R. bond, .... 1,000 00 670 00
Toledo city bond, 1,000 00 1,040 00
Lynn & Boston R.R. bonds, . . . ' . 3,000 00 3,150 00
Chicago & Great Western R.R. bonds, . . 2,000 00 2,160 00
Ohio & West Virginia R.R. bond, . . . 1,000 00 1,050 00
Ogdensburg & Lake Champlain R.R. bonds, . 2,000 00 1,860 00
East Middlesex R.R. bonds, .... 2,000 00 2,000 00
Equitable Mortgage Company bonds, . . 1,000 00 800 00
Atchison, Topeka & Santa Fe R.R. bonds, . 3,000 00 2,370 00
Atchison, Topeka & Santa Fe R.R. stock, . 4,750 00 1,416 00
Atchison, Topeka & Santa Fe R.R. scrip, . 450 00 364 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (fi
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security,
All other cash loans,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (g
Rents due and accrued,
Prem's more than three mos. due,
Gross assets,
st liens*)
ross),
$35 25
$32,700 00 $32,684 00
!. 31, 1897.
$1,648 99
22,228 00
927 99
32,684 00
3,000 00
596 20
122 00
1,394 41
448 89
215 65
126 00
5
<K«3 3QO 13
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$24,850 00
33,000 00
32,200 00
50
LYNN MUTUAL FIRE INSURANCE CO.
Liabilities.
Unearned premiums on outstanding risks, . $14,593 66
Profits or surplus on terminated policies, unpaid, 363 50
Gross liabilities, .....
Net cash assets,
|14,957 16
,434 97
$56 43
35 25
Income.
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, .... $6,203 68
Less reinsurance and return premiums, . . 321 58
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources,
Gross cash income,
$21
6,398
18
15
$6,419 33
215 65
15,882 10
45 71
946 35
1,734 78
!8,608 94
Expenditures.
Cash paid for losses, ....
as profits on terminated policies,
for salaries of officers,
for State and local taxes,
for rents,
for incidentals,
Gross cash expenditures, .
$473 58
4,715
44
2,200 00
60
17
648
00
466
21
$,563 40
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $2,043,795 00
Risks written during 1897, . 467,095 00
Total, . . . .
Risks terminated during 1897,
In force at end of year, .
1,510,890 00
425,707 00
Cash Prem's. Conting't Prem's.
$27,027 92 $54,055 84
6,398 15 12,796 30
!,085,183 00 $28,277 72
$33,426 07 $66,852 14
5,148 35 10,296 70
,555 44
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1897, 100 per cent.
$394 00
MERCHANTS* AND FARMERS' MUTUAL FIRE INSURANCE CO. 51
MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE
COMPANY, WORCESTER.
[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.]
JOHN D. WASHBURN", President. ELIJAH B. STODDARD, Secretary.
Amount of permanent fund, $121,574 43
Detailed Statement of Stocks,
111 shares Atch., Topeka & Santa Fe R.R.,
50
25
20
20
13
25
29
56
25
61
34 '
25
10 '
Union Pacific R.R., .
Wachusett National Bank,
Westminster National Bank, .
Central National Bank, .
Mechanics' National Bank,
Quinsigamond National Bank,
Wor., Nashua & Rochester R.R.,
Chicago & Alton R.R., .
Chicago, Burlington & Quincy R.R
Boston & Albany R.R., .
Providence & Worcester R.R.,
Norwich & Worcester R.R., .
Boston & Maine R.R.,
Lawrence city bond,
Eastern R.R. of Minnesota bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Atch., Topeka & Santa Fe R.R. bonds, .
City of Grand Haven, Mich., bonds,
Corporation notes,
Bonds, etc.
Par Value.
$10,500 00
5,000 00
2,500 00
2,000 00
2,000 00
1,300 00
2,500 00
2,900 00
5,600 00
2,500 00
6,100 00
3,400 00
2,500 00
1,000 00
10,000 00
5,000 00
, 500 00
10,500 00
10,000 00
22,750 00
Market Value.
$2,421 00
1,300 00
5,000 00
2,000 00
2,900 00
1,300 00
3,750 00
3,480 00
9,016 00
2,500 00
13,359 00
8,670 00
5,025 00
1,680 00
11,500 00
5,350 00
545 00
8,295 00
10,000 00
22,750 00
$108,550 00 $120,841 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (fi
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
All other cash loans, .
Cash in the office of the company,
Cash deposited in bank, .
Interest clue and accrued, .
Premiums in course of collection (g
Rents due and accrued,
Prem's more than three mos. due,
Gross assets,
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
st liens*),
coss) ,
$2,826 43
$33,800 00
62,250 00
2,426 62
120,841 00
413 43
1,114 09
5,364 00
788 58
6,228 82
432 32
$233,658 86
$71,500 00
96,000 00
64,350 00
52 merchants' and farmers' mutual FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Return premiums on cancelled policies, .
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, . .
Gross liabilities, ....
Net cash assets,
Income.
Premiums outstanding Dee. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total, . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, ....
Gross cash income, . .
$652 69
75 00
168,352 70
. 2,753 74
d, 146 26
945 83
$172,926 22
.
$60,732 64
$12,684 33
1,128 99
$11,555 34
111,613 20
$123,168 54
9,055 25
$114,113 29
4,196 75
$109,916 54
651 72
1,272 20
5,523 96
935 92
$118,300 34
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
,734 58
48,^256 37
16,964 15
7,240 50
2,097 91
4,400 18
$121,693 69
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1896, $22,529,273 00 $341,029 47 $341,029 47
Risks written during 1897, . 7,249,767 00 111,613 20 111,613 20
Total, $29,779,040 00 $452,642 67 $452,642 67
Risks terminated during 1897, . 8,028,775 00 121,740 60 121,740 60
In force at end of year.
11,750,265 00 $330,902 07 $330,902 07
MERRIMACK MUTUAL FIRE INSURANCE CO.
53
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1897, 20, 40 and 60 per cent.
,756 00
MERRIMACK MUTUAL FIRE INSURANCE COMPANY, ANDOVER.
[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.]
WM. S. JENKINS, President. JOSEPH A. SMART, Secretary.
Amount of permanent fund,
$150,206 00
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Cincinnati city bonds, $ 16,000 00 f 19,170 00
Fall River city bonds, 10,000 00 10,000 00
Lynn city bonds, 5,000 00 5,450 00
United States bonds, 21,000 00 21,300 00
Cambridge Horse R.R. bonds, .... 13,000 00 13,650 00
Boston & Maine R.R. bonds, .... 2,000 00 2,160 00
Old Colony R.R. bonds, 10,000 00 10,800 00
Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,900 00
Chicago & Northwestern R.R. bonds, . . 5,000 00 5,550 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 5,000 00 5,725 00
Northern Pacific & Montana R.R. bonds, . . 10,000 00 5,950 00
Chicago, Peoria & St. Louis R.R. bonds, . . 5,000 00 4,000 00
50 shares Boston Investment Co., . . . 5,000 00 400 00
Cleveland Cable bonds, . . . . 8,000 00 8,160 00
Andover Electric Co. bonds, .... 5,500 00 6,050 00
Andover water bonds, ..... 12,000 00 12,960 00
Danvers water bonds, . . . . . 10,000 00 10,800 00
Seattle city bonds, 5,000 00 5,000 00
15 shares Lawrence National Bank, . . 1,500 00 1,800 00
10 " Andover National Bank, . . . 1,000 00 1,100 00
Salem (Ohio) Water Co. bonds, . . . 6,000 00 3,600 00
Helena (Montana) Water Co. bonds, . . 5,000 00 4,000 00
Chicago, Wisconsin & Minn. R.R. bonds, . 5,000 00 5,300 00
1176,000 00 $173,825 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $8,405 00
Loans on mortgage of real estate (first liens*), 95,085 00
Interest due or accrued thereon, . . . 1,795 28
* Total value of property mortgaged, .
Amount of insurance held as collateral,
$189,250 00
116,450 00
54
MERRIMACK MUTUAL FIRE INSURANCE CO.
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
|173,825 00
9,819 78
3,183 05
16,501 66
$308,614 77
Liabilities.
Unpaid losses, $1,412 08
Unearned premiums on outstanding risks, . 241,776 07
Return premiums on cancelled policies, . 90 06
Profits or surplus on terminated policies, unpaid, 6,634 34
Commissions and brokerage, .... 2,546 97
Gross liabilities,
Net cash assets,
252,459 52
$56,155 25
Income.
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, .
$11,507 01
675 69
),831 32
142,689 48
$153,520 80
.16,501 66
$137,019 14
4,833 95
sources,
$132,185 19
1,348 44
4,122 16
9,391 83
$147,047 62
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals,
,032 30
60,372 43
20,691 71
6,762 25
1,289 76
4,831 61
Gross cash expenditures,
$153,980 06
MIDDLESEX MUTUAL FIRE INSURANCE CO.
55
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
RisksoutstandingDec.31,1896, $30,114,676 00 $473,012 53 $473,012 53
Risks written during 1897, . 9,040,477 00 142,689 48 142,689 48
Total, .... $39,155,153 00 $615,702 01 $615,702 01
Risks terminated during 1897, 8,681,777 00 138,072 36 138,072 36
In force at end of year, . . $30,473,376 00 $477,629 65 $477,629 65
Miscellaneous.
Losses incurred during the year, $53,159 00
Profits or surplus returned during 1897, 20, 40 and 60 per cent.
MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD.
[Incorporated March 3, 1826. Commenced business March 29, 1826.]
RICHARD F. BARRETT, President. WILLIAM BARRETT, Secretary.
Amount of permanent fund,
$327,532 84
Detailed Statement of Stocks, Bonds, etc.
33 shares
15
26
53
25
54
30
113
20
44
10
30
18
10
3
30
33
57
100
50
216
286 T ^
120
Blackstone National Bank, Boston,
Merchants' National Bank, Boston,
Webster National Bank, Boston,
Boston National Bank, Boston,
Eliot National Bank, Boston, .
Howard National Bank, Boston,
Revere National Bank, Boston,
Shawmut National Bank, Boston,
Faneuil Hall Nat'l Bank, Boston,
No. American Natl Bank, Boston,
Central National Bank, Boston,
Hancock National Bank, Boston,
State National Bank, Boston, .
Market National Bank, Boston,
Suffolk National Bank, Boston,
Commercial Nat'l Bank, Boston,
Concord National Bank, Concord,
Boston & Albany Railroad,
Fitchburg Railroad,
Philadelphia, Wil. & Bait. R.R.,
Chicago, Burl. & Quincy Railroad,
Atchison, Topeka & Santa Fe R.R.,
Pullman Palace Car Co.,
Par Value.
$3,300 00
1,500 00
2,600 00
5,300 00
2,500 00
5,400 00
3,000 00
11,300 00
2,000 00
4,400 00
1,000 00
3,000 00
1,800 00
1,000 00
300 00
3,000 00
3,300 00
5,700 00
10,000 00
2,500 00
21,600 00
28,690 00
12,000 00
Market Value.
$2,805 00
2,370 00
2,639 00
4,770 00
3,000 00
4,603 50
2,550 00
12,882 00
2,520 00
3,960 00
1,080 00
3,000 00
1,953 00
640 00
309 75
2,400 00
5,280 00
12,540 00
10,075 00
3,150 00
21,600 00
4,711 22
20,805 00
56
MIDDLESEX MUTUAL FIRE INSURANCE CO.
Eastern Railroad bonds, ....
Burlington & Missouri Railroad bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Portland & Ogdensburg R.R. bonds,
Akron & Chicago June. Railroad bonds, .
Chicago, Burlington & Northern R.R. bonds,
Atchison, Topeka & Santa Fe Railroad bonds
Cincinnati, Ham & Dayton Railroad bonds,
Concord & Montreal Railroad bonds,
Conn. & Passumpsic Rivers R.R. bonds, .
Cleveland, L. & Wheeling R.R. bonds, .
Old Colony R.R. bonds, ....
Boston & Lowell R.R. bonds, .
Boston & Albany R.R. bonds, .
New York, Providence & Boston R.R. bonds,
Boston & Maine R.R. bonds,
Narragansett Pier R.R, bonds, .
Norwich & Worcester R.R. bonds, .
Illinois Steel Company bonds, .
United States bonds,
Bath city bonds,
Toledo city bonds, .
Cambridge city bonds,
Omaha city bonds,
Concord water bonds,
Medforcl city bonds, .
Holyoke city bonds, .
Par Value.
$6,000 00
7,000 00
14,000 00
20,000 00
10,000 00
.2,000 00
3,450 00
10,000 00
25,000 00
15,000 00
10,000 00
6,000 00
15,000 00
8,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
3,000 00
10,000 00
20,000 00
5,000 00
2,500 00
5,000 00
10,000 00
Market Value.
$7,200 00
6,930 00
14,832 50
21,400 00
10,000 00
2,160 00
2,698 68
10,850 00
26,500 00
16,350 00
10,350 00
6,485 00
15,825 00
8,440 00
11,100 00
12,000 00
10,600 00
10,850 00
9,000 00
11,500 00
3,300 00
11,100 00
22,000 00
5,187 50
2,800 00
5,481 25
11,400 00
$402,140 00 $415,983 40
Securities held as collateral for cash loans : ■
9 shares Chicago & West Michigan R.R.,
29 " Pemberton Mills, . . .
71 " Illinois Steel Co., .
60 " Chicago, Rock Island & Pacific R.R.
40 " American Powder Mills, .
Market Value. Loaned Thereon.
$108 00'
4,350 00
3,550 00.
5,520 00
6,200 00
$7,500 00
2,000 00
2,500 00
$19,728 00 $12,000 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $32,200 00
Loans on mortgage of real estate (first liens*), 88,675 00
Interest due or accrued thereon, . . . 3,127 55
Stocks, bonds, etc , as per schedule, . . . 415,983 40
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$83,400 00
152,600 00
105.000 00
MIDDLESEX MUTUAL FIRE INSURANCE CO.
57
Loans on collateral security, as per schedule,
All other cash loans,
Cash in the office of the company, .
Cash deposited in bank, . . . .
Interest due and accrued, .
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$12,000 00
27,150 00
7,939 36
5,842 82
3,939 06
23,050 20
850 00
$620,757 39
Liabilities.
Losses claimed and reported, .... $1,200 00
Losses disputed or resisted, .... 804 00
Unearned premiums on outstanding risks, . 329,931 76
Profits or surplus on terminated policies, unpaid, 7,021 15
Commissions and brokerage, .... 3,132 40
Gross liabilities,
Net cash assets,
342,089 31
$278,668 08
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, etc., ,
Gross cash income,
$20,046 11
191,662 00
$211,708 11
23,050 20
$188,657 91
3,636 04
sources,
$185,021 87
1,716 50
3,774 25
19,614 33
434 32
$210,561 27
Expenditures.
Cash paid for losses, .....
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage, .
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$64,347
18
11
12
$64,336 06
92,513 91
.
27,957 03
.
11,170 00
.
2,088 89
•
7,258 28
, ,
$205,324 17
58
MUTUAL FIRE ASSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1896, $41,447,825 00 $620,379 08 $620,379 08
Risks written during 1897, . 13,039,715 00 191,662 00 191,662 00
Total, . . . . $54,487,540 00 $812,041 08 $812,041 08
Risks terminated during 1897, 10,499,979 00 157,534 36 157,534 36
In force at end of year, . . f 43,987,561 00 $654,506 72 $654,506 72
Deduct amount reinsured, . 144,192 00 2,181 23 2,181 23
Net amount in force, . $43,843,369 00 $652,325 49 $652,325 49
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 25, 50 and 70 per cent.
$64,003 00
MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD.
[Incorporated Feb. 23, 1827. Commenced business July 23, 1827.]
GEO. B. HOLBROOK, President. FRANK R. YOUNG-, Secretary.
Amount of permanent fund,
$117,216 93
Detailed Statement of Stocks, Bonds, etc.
Vermont Valley R.R. bonds, .
Chicago, Burlington & Northern R.R. bonds,
Western Union Telegraph bonds,
Chesapeake & Ohio R.R. bonds,
Ohio Southern R.R. bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Philadelphia, Wilmington & Bait. R.R. bonds
Horyoke Street R R. bonds,
Boston & Albany R.R. bonds, .
75 shares Second National Bank, Springfield
61 " Chicopee Nat'l Bank, Springfield,
25 " John Hancock N'l B'k, Springfield
25 " First National Bank, Springfield,
25 " Chapin National Bank, Springfield
10 " Monson National Bank, Monson,
10 " First National Bank, Chicopee,
50 " Hadley Falls Nat'l Bank, Holyoke
Par Value.
$4,000 00
500 00
7,000 00
4,000 00
3,000 00
5,000 00
500 00
4,000 00
6,000 00
10,000 00
7,500 00
6,100 00
2,500 00
2,500 00
2,500 00
1,000 00
1,000 00
5,000 00
Market Value.
$4,520 00
540 00
7,350 00
4,560 00
2,400 00
5,050 00
545 00
4,160 00
6,300 00
10,700 00
8,650 00
9,455 00
2,625 00
2,625 00
3,000 00
1,400 00
1,250 00
7,500 00
MUTUAL FIRE ASSURANCE CO.
59
20 shares Springfield Nat'l B'k, Springfield, .
50 " Commerce Nat'l Bank, Boston,
100 " Boston & Albany R.R., .
150 " N. Y. Central & Hudson River R.R.,
55 " Chicago, Burl. ■& Quincy R.R.,
40 " Lake Shore & Mich. R.R.,
Par Value.
$2,000 00
5,000 00
10,000 00
15,000 00
5,500 00
4,000 00
Market Value.
$2,900 00
5,250 00
22,200 00
16,950 00
5,500 00
7,000 00
$113,600 00 $142,430 00
Summary of Assets Dec. 31, 1897.
$28,945 65
246 02
142,430 00
399 04
4,205 19
639 57
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
145 01
$177,010 48
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Gross liabilities, ......
Net cash assets,
$375 00
44,018 30
183 38
44,576 68
$132,433 80
$1,008 38
441 00
Income.
Premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, . .
Premiums on risks written or renewed,
Total, ...
Premiums now in course of collection,
Entire premiums collected,
Received for extra premiums, .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income,
$567
19,607
38
30
$20,174 68
292 76
$19,881 92
188 84
1,487 17
6,066 35
$27,624 28
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$16,200 00
37,500 00
32,600 00
60
MUTUAL PROTECTION FIRE INSURANCE CO.
Expenditures.
Cash paid for losses, ......
as profits on terminated policies,
for salaries of officers and employees,
for State and local taxes,
for rents, .
for incidentals,
Gross cash expenditures, .
$6,446 98
13,361
26
3,463 00
170
19
500
00
402
18
$24,343
61
Risks and Premiums.
Amount.
'5,229,950 00
1,237,300 00
Cash Prem's. Conting't Prem's.
181,275 50 $81,275 50
19,607 30 19,607 30
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Total, 16,467,250 00 $100,882 80 $100,882 80
Risks terminated during 1897, . 1,027,850 00 16,014 01 16,014 01
In force at end of year, . . $5,439,400 00 $84,868 79 $84,868 79
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during 1897, 90 per cent.
>,822 00
MUTUAL PROTECTION FIRE INSURANCE COMPANY, BOSTON.
[Incorporated April 10, 1861. Commenced business July 15, 1864.]
G-EO. B. NEAL, President. G-EO. H. PENDERGAST, Secretary.
Office, Thompson Square, Charlestoivn.
Amount of permanent fund,
$52,639 30
Detailed Statement op Stocks, Bonds, etc.
10 shares Monument National Bank,
20 " National Bank of the Republic,
31 " Charlestown Gas and Electric Co.,
10 " Somerville Electric Light Co., .
50 " Atch , Top. & Santa Fe R.R., .
Northern Pacific R.R. bonds, .
Par Value.
$1,000 00
2,000 00
1,550 00
1,000 00
5,000 00
2,000 00
Market Value.
$2,200 00
2,820 00
2,170 00
1,000 00
600 00
2,360 00
$12,550 00 $11,150 00
MUTUAL PROTECTION FIRE INSURANCE CO.
61
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*),
Interest clue or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank,
Premiums in course of collection (gross),
Prem's more than three mos. due, . f 339 76
Gross assets, . . . .. .
Liabilities.
Losses adjusted, unpaid,
Unearned premiums on outstanding risks,
Gross liabilities,
Net cash assets,
$52,500
00
1,344
66
11,150 00
1,464
13
17,512
09
1,698
82
$85,669 70
$3 50
25,257
84
25,261 34
,408 36
Income.
Premiums outstanding Dec. 31, 1896,
$2,184 72
Same not collected,
211
28
Net collected,
$1,973 44
Premiums on risks written or renewed, .
19,909 58
Total,
$21,883
02
Premiums now in course of collection, .
2,038 58
Entire premiums collected, ....
$19,844
44
Less reinsurance and return premiums, .
952
68
Net cash premiums received, .
$18,891 76
Received for extra premiums, ....
.
.
67 91
Interest received on mortgages,
. .
,
3,187 59
Interest and dividends received from all other sources, .
.
794 77
Income from rents, etc.,
, ,
,
119 20
Gross cash income,
$23,061 23
Expenditures.
Cash paid for losses,
.
$5,628 86
as profits on terminated policies, .
.
2,325 57
for commissions and brokerage,
.
3,754 65
for salaries of officers and employees,
.
416 67
for State and local taxes,
.
702 87
for rents,
,
500 00
for incidentals, ....
#
1,067 26
Gross cash expenditures,
$14,395 88
$26,850 00
82,900 00
Amount of insurance held as collateral,
.
72,800 00
62
NEWBURYPORT MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, 12,229,769 00
Risks written during 1897, . t 1,222,289 00
Total, . . . . |3,452,058 00
Risks terminated during 1897, 561,647 00
In force at end of year, . . $2,890,411 00
Deduct amount reinsured, . 10,586 00
Net amount in force,
Cash Prem's. Conting't Prem's.
$34,087 88 $34,087 88
19,909 58 19,909 58
|53,997 46
7,723 55
$46,273 91
177 31
$46,096 60
. $2,879,825 00
Miscellaneous.
Losses incurred during the year, . . .
Profits or surplus returned during 1897, 20, 40 and 70 per cent.
$53,997 46
7,723 55
$46,273 91
177 31
$46,096 60
$4,731 00
NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY,
NEWBURYPORT.
[Incorporated Feb. 1, 1829. Commenced business May 1, 1829.]
WILLIAM R. JOHNSON, President. LAWRENCE W. BROWN, Secretary.
Detailed Statement of Stocks,
100 shares Mer. Nat'l Bank, Newburyport,
9
31
15
10
10
10
10
5
10
10
10
20 '
5
10 '
9
11 '
5 '
14
Mech. Nat'l Bank, Newburyport,
Ocean Nat'l Bank, Newburyport,
Washington Nat'l Bank, Boston,
Hide & Leather N'l Bank, Boston,
Market Nat'l Bank, Boston, .
Shoe & Leather N'l Bank, Boston,
Hancock Nat'l Bank, Boston, .
General Electric stock,
U. S. Rubber Co. stock,
Westinghouse stock,
Western Union stock,
Boston & Maine R.R.,
N. Y. Central & Hudson River R.R.
Chicago & Northwestern R.R ,
Chic, Mil. & St. Paul R.R., .
Atchison, Topeka & Santa Fe R.R.
Chic. June. & Stock Yard,
Chic, Burl. & Quincy,
Rutland R.R. bonds, ....
Chic, Burl. & Northern R.R. bonds,
Consolidated R.R. of Vermont bonds,
Fall River city bonds,
Bonds, etc.
Par Value.
|2,000 00
900 00
1,550 00
1,500 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
2,000 00
500 00
1,000 00
900 00
1,100 00
500 00
1,400 00
1,500 00
2,000 00
2,000 00
1,000 00
Market Value.
$2,200 00
1,100 00
1,550 00
1,485 00
1,030 00
640 00
940 00
1,000 00
420 00
640 00
525 00
910 00
3,350 00
535 00
1,210 00
950 00
160 00
545 00
1,393 00
1,559 00
2,140 00
1,250 00
1,000 00
$27,350 00 $26,532 00
NEWBURYPORT MUTUAL FIRE INSURANCE CO.
63
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks, bonds, etc , as per schedule,
All other cash loans, .
Cash deposited in bank, .
Office furniture,
Gross assets,
st liens*),
| 100 00
Liabilities.
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Gross liabilities, ....
Net cash assets,
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
Income from policy fees, .
Gross cash income, .
Expenditures.
Cash paid for losses, ....
as profits on terminated policies,
for salaries of officers,
for State and local taxes,
for rents, ....
for incidentals,
$700
00
19
00
26,532
00
100
00
3,664 77
|4,701
20
25
00
Gross cash expenditures,
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Risks and Premiums.
Amount.
$700,325 00
126,750 00
531,015 77
4,726 20
,289 57
$ 1,746 45
37 50
$1,708 95
40 38
$1,668 57
.
38 50
sources, .
1,221 77
.
74 15
$3,002 99
$279
76
1,708
95
480 00
15
79
125
00
117
33
Total, ....
Risks terminated during 1897,
In force at end of year,
$827,075 00
120,040 00
$707,035 00
Cash Prem's.
$9,170 32
1,746 45
,916 77
1,638 67
$2,726 83
Conting't Prem's.
$36,681 28
6,985 80
$43,667 08
6,554 68
1,278 10 $37,112 40
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$900 00
1,400 00
600 00
64
NORFOLK MUTUAL FIRE INSURANCE CO,
Miscellaneous.
Losses incurred during the year, ....
Profits or surplus returned during- 1897, 100 per cent.
$279 00
NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM.
[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.]
J. WHITE BELCHER, President. ELIJAH HOWE, Jr., Secretary.
Amount of permanent fund, $384,201 14
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Old Colony R.R. stock, $10,000 00 $1S,800 00
Boston & Lowell R.R. stoek, .... 7,500 00 16,350 00
Boston & Albany R.R stock, .... 12,500 00 27,500 00
Boston & Providence R.R. stoek, . . . 2,000 00 5,260 00
Chicago, Burlington & Quiney R.R. stock, . 10,000 00 9,800 00
Atchison, Topeka & Santa Fe R.R. stoek, . 30,3-10 00 6,981 00
Dedham Water Company stoek, . . . 5,000 00 5,000 00
Lynn city bonds, 10,000 00 10,800 00
Salem city water bonds, 5,000 00 5,250 00
Randolph town notes, 9,300 00 9,300 00
Cincinnati city bonds, 25,000 00 28,250 00
Boston city bonds, 10,000 00 11,200 00
Boston & Maine Railroad bonds, . . . 10,000 00 10,700 00
Washington County (111.) bonds, . . . 5,000 00 5,000 00
N. H. Trust Company bonds, .... 8,500 00 5,500 00
Western Security Company bonds, . . . 5,000 00 2,500 00
N. E. Mortgage Security Co. bonds, . . 23,000 00 21.850 00
Lombard Investment Company bonds, . . 2,350 00 1,100 00
Portland & Rumford Falls R.R. bonds, . . 10,000 00 10,400 00
Boston & Maine R.R. bonds, . ' . . . 15,000 00 17,700 00
Boston & Providence Railroad bonds, . . 20,000 00 21,200 00
Boston & Lowell Railroad bonds, . . . 20,000 00 21,000 00
Maine Central Railroad bonds, . . . 15,000 00 16,300 00
Oregon Short Line Railroad bonds, . . . 10,000 00 11,800 00
Kan. City, St. J. & Council Bluffs R.R. bonds, . 9,000 00 10,620 00
Concord & Montreal R.R bonds, . ... 10,000 00 10,500 00
Atchison, Topeka & Santa Fe R.R. bonds, . 34,500 00 25,815 00
Philadelphia & Reading R.R bonds, . . 8,000 00 10.160 00
Old Colony R.R. bonds 25,000 00 26,950 00
Union Pacific Railway bonds, .... 25,000 00 24,720 00
Fremont, Elkhorn & Mo Valley R.R. bonds, . 5,000 00 6,500 00
Grand Avenue R.'y, Kansas City, bonds, . . 5,000 00 4,800 00
Consolidated Street Railway Co. bonds, . . 5,000 00 5,250 00
Minneapolis Gas Light Co. bonds, . . . 5,000 00 5,000 00
NOltFOLK MUTUAL FIRE INSURANCE CO.
65
Conn. & Passumpsic Rivers R.R. bonds,
Dexter & Newport R.R. bonds,
Norwich & Worcester R.R. bonds, .
Par Value.
$5,000 00
6,000 00
20,000 00
Market Value.
$5,300 00
6,210 00
21,450 00
$442,990 00 $462,819 00
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued,
Premiums in course of collection (gross),
Rents due and accrued,
Prem's more than three mos. due, . $109 60
Gross assets,
31, 1897.
$12,000 00
41,274 00
752 80
462,819 00
26 19
8,590 16
5,926 07
10,150 20
675 00
$542,213 42
Liabilities.
Unearned premiums on outstanding risks, . $163,320 08
Return premiums on cancelled policies, . . 411 98
Profits or surplus on terminated policies, unpaid, 7,228 25
Commissions and brokerage, .... 1,522 53
Gross liabilities,
Net cash assets, .........
172,482 84
$369,730 58
Income,
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total, ......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
$5,748 23
88,040 08
$93,788 31
10,259 80
,528 51
1,448 34
sources, .
$82,080 17
1,871 86
20,896 55
673 00
$105,521 58
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$41,000 00
46,200 00
36,400 00
66
PAPER MILL MUTUAL INSURANCE CO.
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
for expenses on real estate,
Gross cash expenditures, . . .
531,030 48
44,771 26
12,015 66
■6,788 65
1,046 71
1,210 45
558 17
197,421 38
Risks and Premiums.
Amount. Cash Prem's. Contlng't Prem's.
Risks outstanding Dec. 31, 1896, $21,440,934 00 $311,335 39 $311,335 39
Risks written daring 1897, . 5,978,425 00 88,040 08 88,040 08
Total $27,419,359 00 $399,375 47 $399,375 47
Risks terminated daring 1897, 5,056,189 00 75,767 23 75,767 23
In force at end of year, . . $22,363,170 00 $323,608 24 $323,608 24
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 25, 50 and 70 per cent.
$26,246 00
PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated November, 1886. Commenced business April 1, 1887.]
R. W. TOPPAN, President. D. W. LANE, Secretary.
Office, 31 Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Portland & Ogdensburg R.R. bonds, . . $5,000 00 $5,300 00
Fitchburg R.R. bonds, ..... 5,000 00 5,075 00
Cincinnati, Sandusky & Cleveland R.R. bonds, 5,000 00 5,500 00
Maine Central R.R. bonds, .... 5,000 00 5,250 00
Pennsylvania RR. bonds, . . ... 5,000 00 5,750 00
Newton water bonds, 5,000 00 5,400 00
Boston & Albany R.R. bonds, .... 10,000 00 10,700 00
Boston & Maine R.R. bonds, . . > . 5,000 00 6,000 00
Boston & Lowell R.R. bonds, .... 5,000 00 5,300 00
$50,000 00 $54,275 00
PAPER MILL MUTUAL INSURANCE CO.
67
Summary of Assets Dec. 31, 1897.
Stocks, bonds, etc., as per schedule, . . . $54,275 00
Cash in the office of the company, . . . 348 01
Cash deposited in bank, ..... 11,249 33
Interest due and accrued, ..... 790 00
Premiums in course of collection (gross), . 218 72
Gross assets, '
Liabilities.
Unearned premiums on outstanding risks, . $27,950 36
State and local taxes, , . . . . 116 99
Gross liabilities,
Net cash assets,
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, ,
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources,
Gross cash income, .....
Expenditures.
Cash paid for losses, .....
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ......
for inspections, etc.,
Gross cash expenditures, ....
$996 82
58,490 89
$59,487 71
218 72
$59,268 99
3,141 99
Risks and Premiums.
Risks outstanding Dec. 31, 1896,
$66,881 06
28,067 35
$38,813 71
Risks written during 1897,
Amount.
15,974,749 00
7,085,955 00
$56,127 00
.
2,235 96
.
$58,362 96
$4,519 73
.
42,929 81
•
3,240 00
. .
552 79
.
240 00
.
1,266 42
• t •
$52,748 75
Cash Prem's.
Conting't Prem's,
$52,119 90
$260,599 50
58,490 89
292,454 45
Total, . . . . $13,060,704 00
Risks terminated during 1897, 6,328,726 00
.10,610 79
54,710 06
$553,053 95
273,550 30
In force at end of year, .
1,731,978 00 $55,900 73 $279,503 65
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 83.23 per cent.
$2,496 00
68
QUINCY MUTUAL FIRE INSURANCE CO.
QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY.
[Incorporated March 22, 1851. Commenced business May, 1851.]
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary.
Amount of permanent fund, ....... $350,000 00
Detailed Statement of Stocks,
88 shares Rockland National Bank, Boston,
200 " Manufacturers 1 Natl Bank, Boston
370 " Third National Bank, Boston,
70 " Second National Bank, Boston,
50 " First National Bank, Boston, .
40 " Merchants' National Bank, Boston
35 " State National Bank, Boston, .
66 " Washington National Bank, Boston
37 " Revere National Bank, Boston,
50 " Hamilton National Bank, Boston,
46 " Continental National Bank, Boston
75 " Redemption National Bank, Boston
25 " Market National Bank, Boston,
100 " North National Bank, Boston,
274 " Mt. Wollaston Natl Bank, Quincy
44 " Granite National Bank, Quincy,
50 " Wachusett Natl Bank, Fitchburg,
40 " Hingham Natl Bank, Hingham,
48 " First Natl Bank, Weymouth, .
38 " Union Natl Bank, Weymouth,
10 " Quinsigamond Nl B'k, Worcester
50 " Brockton National Bank, Brockton
29 " Plymouth National B'k, Plymouth
25 " First Natl Bank, West Newton,
200 " Chicago, Burl. & Quincy R R.
100 " Boston & Lowell R.R., .
11 " Old Colony R.R , .
107 " Hingham Cordage Co., .
178 " Lawrence Duck Co.,
50 " State St. Safe Deposit & Trust Co.
East Middlesex Street R.R. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Decatur Water Works Co. bonds and stock,
City of Quincy note, ....
Securities held as collateral for cash loans :
Eureka Silk Co.,
100 shares North Packing & Provision Co., .
Bonds, etc.
Par Value.
$8,800 00
20,000 00
37,000 00
7,000 00
5,000 00
4,000 00
3,500 00
6,600 00
3,700 00
5,000 00
4,600 00
7,500 00
2,500 00
10,000 00
27,400 00
4,400 00
5,000 00
4,000 00
4,800 00
3,800 00
1,000 00
5,000 00
2,900 00
2,500 00
20,000 00
10,000 00
1,100 00
• 10,700 00
17,800 00
5,000 00
10,000 00
11,500 00
14,300 00
1,100 00
Market Value.
$12,144 00
20,000 00
33,300 00
12,320 00
11,200 00
6,320 00
3,850 00
6,600 00
3,145 00
5,150 00
4,600 00
8,400 00
1,600 00
9,000 00
35,620 00
6,380 00
10,000 00
4,000 00
5,280 00
3,990 00
1,200 00
6,500 00
3,190 00
2,500 00
20,000 00
22,000 00
2,057 00
5,000 00
17,800 00
5,000 00
10,000 00
13,135 00
5,000 00
1,100 00
1287,500 00 $317,381 00
Market Value. Loaned Thereon.
$5,000 00 )
9,000 00 [ ® 7 ' 50000
QUINCr MUTUAL FIRE INSURANCE CO.
69
144 shares National Granite Bank, Quincy,
15 " Minnehaha Trust Co.,
30 " Sioux Falls National Bank, .
50 " Fitchburg R R. Co , .
50 " Central Investment Co., .
Union Pacific Co. bonds, ....
11 shares Phoenix Insurance Co.,
Lamson Consolidated S.S. Co. bonds,
1,000 shares Chicago & No. Michigan R.R.,
Corporation notes secured by warehouse receipts,
Market Value. Loaned Thereon.
$ 20,880 00 $17,700 00
1,500 00
3,000 00 j
4,900 001
5,000 00
12,650 00
1,650 00
6,000 00
500 00 J
65,000 00
2,500 00
)> 25,000 00
45,000 00
$135,080 00 $97,700 00
Summary op Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Loans on collateral security, as per schedule,
All other cash loans, ....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets, .....
Liabilities.
Unearned premiums on outstanding risks,
Return premiums on cancelled policies,
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Gross liabilities,
Net cash assets, ....
Income
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash premiums received, .
$16,800 00
73,900 00
2,379 63
317,381 00
97,700 00
9,000 00
280 00
84,492 14
2,497 75
8,564 70
380 50
$248,986 36
2,500 00
200 00
250 00
1,284 68
$11,407 49
145,699 35
$157,106 84
8,564 70
$148,542 14
6,618 13
$613,375 72
253,221 04
$360,154 68
$141,924 01
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$86,400 00
111,600 00
97,200 00
70 RUBBER MANUFACTURERS' MUTUAL INSURANCE CO.
Received for extra premiums,
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$1,285 47
3,068 27
28,359 68
466 24
$175,103 67
$43,125 46
70,897 29
22,641 37
12,659 96
2,758 01
6,664 37
$158,746 46
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31,1896, $34,708,477 00 $517,013 02 $517,013 02
Risks written during 1897, . 9,586,921 00 145,699 35 145,699 35
Total, $44,295,398 00 $662,712 37 $662,712 37
Risks terminated during 1897, . 10,224,832 00 155,080 31 155,080 31
In force at end of year, . . $34,070,566 00 $507,632 06 $507,632 06
Miscellaneous.
Losses incurred during the year, $36,375 00
Profits or surplus returned during 1897, 20, 40 and 60 per cent.
RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY,
BOSTON.
[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885.]
E. S. CONVERSE, President. B. F. TAFT, Secretary.
Office, SI Milk Street.
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Fitchburg R R. bonds, $15,000 00 $15,587 50
Boston & Lowell R.R. bonds, .... 10,00000 10,25000
Maine Central R.R. bonds, .... 26,000 00 27,100 00
New York & New England R.R. bonds, . . 8,000 00 9,520 00
Boston Consolidated Street R.R. bonds, . . 12,000 00 12,960 00
Cambridge Street R.R. bonds, .... 1,000 00 1,045 00
Cheshire R.R. bonds, 500 00 500 00
Maiden Electric Co. bonds, .... 5,000 00 5,000 00
General Electric Co. bonds, .... 1,000 00 1,000 00
RUBBER MANUFACTURERS MUTUAL INSURANCE CO.
71
United States Rubber Co. stock,
General Electric Co. stock,
N. Y., N. H. & Hart. R.R. bonds,
Watertown town bonds, .
Taunton city bonds, .
Lynn & Boston R.R. bonds,
East Middlesex St. R'y bonds, .
Bangor & Aroostook R.R. bonds,
Corporation notes,
West End Street R.R. bonds, .
Summary of Assets Dec
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Par Value.
$21,800 00
5,000 00
2,000 00
3,000 00
5,000 00
1,000 00
7,000 00
10,000 00
130,900 00
18,000 00
Market "Value.
$14,170 00
4,200 00
2,190 00
3,135 00
5,425 00
1,000 00
7,000 00
10,200 00
116,400 00
18,630 00
$282,200 00 $265,312 50
31, 1897.
$265,312 50
1,553 71
24,984 65
5,023 19
2,070 67
,944 72
Liabilities.
Losses reported, .....
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, ....
Net cash assets,
$17,461 16
136,804 54
506 35
154,772 05
$144,172 67
Income.
Premiums outstanding Dec. 31, 1896, . . $2,565 21
Premiums on risks written or renewed, . . 273,621 02
Total, . . $276,186 23
Premiums now in course of collection, . . 2,070 67
Net cash premiums received, . . . .
Interest and dividends received from all sources, .
$274,115 56
10,488 02
Gross cash income, $284,603 58
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for joint office expenses, .
for incidentals,,
for inspections,
Gross cash expenditures, .
$18,402 90
191,414 59
5,480 00
3,349 07
8,894 59
1,050 87
7,668 12
$236,260 14
72
SALEM MUTUAL FIRE INSURANCE CO.
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
Risks outstanding Dec. 31, 1896, $27,618,078 00 $238,257 54 $1,191,287 70
Risks written during 1897, . 30,293,092 00 273,621 02 1,368,105 10
Total, .... $57,911,170 00 $511,878 56 $2,559,392 80
Risks terminated during 1897, 28,829,172 00 238,269 47 1,191,347 35
In force at end of year, . . $29,081,998 00 $273,609 09 $1,368,045 45
Miscellaneous.
Losses incurred during the year, $35,560 00
Profits or surplus returned during 1897, 75 per cent.
SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM.
[Incorporated April 17, 1838. Commenced business May 1, 1838.]
HOWARD S. PORTER, President. BENJAMIN" L. FABENS, Secretary.
Amount of permanent fund Dec. 31, 1896, .... $52,580 66
Detailed Statement of
Old Colony Railroad bonds,
Fitchburg Railroad bonds,
Boston & Lowell Railroad bonds,
Boston & Maine Railroad bonds,
Boston & Albany Railroad bonds,
Keene (N. H.) city bonds,
Haverhill city bonds,
Springfield city bonds,
Springfield (Ohio) city bonds,
Toledo (Oh;o) city bonds,
Cincinnati city bonds,
Chicago city bonds, ..
Lynn city bonds,
Middleton town bonds,
Meriden (Conn.) city bonds,
Somerville (Mass ) city bonds,
Woburn city bonds, .
Brockton city bonds,
Peabody town bonds,
New Britain (Conn.) city bond
Stoneham town bonds,
Cleveland city bonds,
Cook County bonds, .
Ware town bonds, .
Medford city bonds, .
Salem city bonds,
Stocks, Bonds, etc.
Par Value.
$1,000 00
3,000 00
3,000 00
1,000 00
1,000 00
1,000 00
3,000 00
1,000 00
1,150 00
2,000 00
1,000 00
3,000 00
2,000 00
500 00
■ 2,000 00
2,000 00
2,000 00
1,000 00
1,000 00
4,000 00
2,000 00
3,000 00
1,000 00
1,000 00
1,000 00
4,550 00
Market Value.
$1,085 00
3,222 50
3,200 00
1,080 00
1,060 00
1,020 00
3,030 00
1,170 00
1,184 50
2,250 00
1,190 00
3,210 00
2,090 00
505 00
2,030 00
2,100 00
2,040 00
1,030 00
1,025 00
4,160 00
2,055 00
3,120 00
1,020 00
1,020 00
1,080 00
4,693 75
SALEM MUTUAL FIRE INSURANCE CO.
73
9 shares Boston & Maine Railroad,
5 " National Exchange Bank, Salem,
20 " Salem National Bank,
14 " Asiatic National Bank,
15 " Salem Gas Company,
Summary of Assets Dec
Cash value of unencumbered real estate,.
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Rents due and accrued,
Prem 1 s more than three mos. due, . f 72 55
Gross assets,
Par Value.
$900 00
500 00
2,000 00
420 00
1,500 00
$53,520 00
31, 1897.
$9,050 00
14,200 00
117 32
56,637 50
1,241 17
2,568 27
550 63
3,081 97
15 48
Market V;ilne.
$1,437 50
480 00
2,000 00
395 50
1,653 75
,637 50
$87,462 34
Liabilities.
Unpaid losses,
$24
18
Unearned premiums on outstanding risks,
35,983
43
Return premiums on cancelled policies, .
6
12
Profits or surplus on terminated policies, unpaid,
657
78
State and local taxes, .....
67
99
Commissions and brokerage, ....
505
48
Gross liabilities,
37,244
98
.
.
Net cash assets,
$50,217
36
Income.
Premiums outstanding Dec. 31, 1896,
$2,590 59
Premiums on risks written or renewed, .
33,477
74
Total, . . . . . . . .
$36,068
33
Premiums now in course of collection, .
3,154
52
Entire premiums collected, ....
$32,913
81
Less reinsurance and return premiums, . . v
858
22
Net cash premiums received, ....
$32,055
59
Received for extra premiums, ....
.
.
138
94
Interest received on mortgages,
,
.
673
50
Interest and dividends received from all other
surces, .
,
2,520
44
Income from rents,
• *
•
105
48
Gross cash income, .....
$35,493
95
$6,700 00
14,600
00
10,800 00
74 SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO.
Expenditures.
Cash paid for losses, .....
Deduct salvage and reinsurance,
Net cash paid for losses, ....
Cash paid as profits on terminated policies,
for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for rents,
for incidentals, ....
Gross cash expenditures, .
$11,051 02
30 80
$11,020 22
5,823 29
4,995 54
2,423 47
476 93
450 00
1,168 07
,357 52
Risks outstanding Dec. 31,1896, $3,051,892 00
Risks written during 1897, . 2,048,912 00
Risks and Premiums.
Amount. Cash Prem's. Conting't Prem's.
$51,475 01 $51,475 01
33,477 74 33,477 74
In force at end of year, . . $3,813,938 00
Deduct amount reinsured, . 4,417 00
Net amount in force,
!,809,521 00 $65,441 87
Total, .... $5,100,804 00 $84,952 75 $84,952 75
Risks terminated during 1897, 1,286,866 00 19,417 55 19,417 55
,535 20 $65,535 20
93 33 93 33
15,441 87
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 20, 40 and 70 per cent.
1,044 40
SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE
COMPANY, AMESBURY.
[Incorporated May 18, 1855. Commenced business June 13, 1855.]
GEORGE F. BAGLEY, President. CHARLES L. ALLEN", Secretary.
Summary op Assets Dec. 31, 1897.
Cash in the office of the company, . . . $29 58
Cash deposited in bank, ..... 13 52
Office safe, . . . . . $100 00
Gross assets, ......
$43 10
Liabilities.
Due for borrowed money,
Balance against company,
200 00
$156 90
SAUGUS MUTUAL FIRE INSURANCE CO.
75
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Less reinsurance and return premiums,
Net cash premiums received, .
Interest and dividends received from all
Assessments on deposit notes, .
Borrowed money, ....
Gross cash income,
sources,
$6 00
211 36
$217 36
20 50
$200 00
$196 86
12 16
8 40
$217 42
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$465 74
2
22
152
00
1
47
82
90
$704 33
Risks and Premiums.
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Total,
Risks terminated during 1897, .
In force at end of year,
Miscellaneous
Losses incurred during the year,
Amount. Conting't Prem's.
520,921 00 $17,984 26
25,945 00 2,113 60
$246,866 00
31,392 00
$20,097 86
2,334 26
45,474 00 $17,763 60
$466 00
SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS.
[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.]
HERBERT B. NEWHALL, President. WILBUR P. NEWBALL, Secretary.
[Note. — This company insures nothing but dwellings, farm buildings and their contents, in
Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, but assess-
ments are made on deposit notes to pay losses and expenses. All policies are issued for a term
of three years.]
Summary of Assets Dec. 31, 1897.
Cash in the office of the company, . . . $496 27
Cash deposited in bank, ..... 454 81
Assessments unpaid, . . . . . . 377 00
Gross assets, < . , . • . . . . $1,328 08
76
SOUTH DANVERS MUTUAL FIRE INSURANCE CO.
Liabilities.
Due for borrowed money,
Balance against company,
$1,500 00
$171 92
Income.
Interest and dividends received from all sources,
Income from policy fees,
Assessments on deposit notes, ....
Gross cash income,
$24
21
604
00
3,828
55
[,456 76
Expenditures.
Cash paid for losses,
$997 82
for salaries of officers, .
1,420 00
for State and local taxes,
36 50
for rents, .......
150 00
for incidentals, .....
373 80
(Borrowed money repaid, $1,000.)
Gross cash expenditures,
!,978 12
Risks and Premiums.
Risks outstanding Dec. 31, 1896,
Risks written daring 1897,
Total,
Risks terminated during 1897, .
In force at end of year,
Amount.
Conting't Prem's.
$2,952,675 00 $363,286 00
1,000,475 00 125,807 00
$3,953,150 00 $489,093 00
1,045,500 00 128,849 00
>,907,650 00 |360,244 00
Miscellaneous.
Losses incurred during the year, $ 960 00
Assessments laid on deposit notes or contingent premiums, . 3,918 10
SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY,
PEABODY.
[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.]
WILLIAM P. CLARK, President. GEORGE M. FOSTER, Secretary.
Amount of permanent fund Dec. 31, 1896,
Decrease during the year, . . .
Permanent fund Dec. 31, 1897, * ,
$52,159 m
2,819 74
$49,339 92
SOUTH DANVERS MUTUAL FIRE INSURANCE CO.
77
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
Ill shares South Danvers Natl Bank, Peabody, $11,100 00 f 12,987 00
48 " Warren National Bank, Peabody, . 4,800 00 5,880 00
51 " Asiatic National Bank, Salem, . 1,530 00 1,440 75
20 " Naumkeag National Bank, Salem, . 2,000 00 2,550 00
18 " National Exchange Bank, Salem, . 1,800 00 1,620 00
12 " First National Bank, Salem, . . ' 1,200 00 1,056 00
34 " First National Bank, Danvers, . 2,550 00 2,550 00
30 " Hide & Leather Nat'l Bank, Boston, 3,000 00 3,090 00
4 " Andover National Bank, Andover, . 400 00 440 00
1 " Cape Ann Nat 1 ! Bank, Gloucester, . 100 00 140 00
10 " Manufacturers' Nat'l Bank, Boston, 1,000 00 1,000 00
20 " Naumkeag Steam Cotton Co., . 2,000 00 1,315 00
20 " Androscoggin Mills, . . . 2,000 00 2,240 00
2 " Nashua Manufacturing Co., . . 1,000 00 900 00
Cincinnati city bonds, 2,000 00 2,290 00
Wakefield Water Co. bonds, .... 2,000 00 2,090 00
Providence city bonds, 7,000 00 7,980 00
Pittsfield city bonds 2,000 00 2,030 00
Boston & Maine R.R. bonds, , . . . 3,000 00 3,240 00
Eastern R R. bonds, 2,000 00 2,380 00
Summary of Assets Dec
Stocks, bonds, etc., as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Gross assets,
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid.
Due and accrued for rent, salaries, etc., .
Gross liabilities, ......
Net cash assets, . . . .
Income.
Premiums on risks written or renewed, .
Less reinsurance and return premiums, .
Net cash premiums received, ....
Interest and dividends received from all sources,
Income from policy fees, .....
Gross cash income, .
$52,480 00 $57,218 75
31, 1897.
$57,218 75
83 00
5,262 70
429 66
|62,994 11
.12,186 44
931 25
536 50
13,654 19
.
$49,339 92
f3,837 50
314 50
$3,523 00
2,565 20
116 00
,204 20
78 traders' and mechanics' mutual FIRE INSURANCE CO.
Expenditures.
Cash paid for losses, .....
as profits on terminated policies,
for salaries of officers,
for State and local taxes,
for incidentals, ....
|3,262
34
3,620
00
2,126
00
36
83
179
52
Gross cash expenditures,
),224 69
Risks and Premiums.
Amount. Cash Preru's. Conting't Prem's.
Risks outstanding Dec. 31,1896, $1, 177,303 00 $25,108 40 $75,325 20
Risks written during 1897, . 179,475 00 3,837 50 11,512 50
Total, $1,356,778 00 $28,945 90
Risks terminated during 1897, . 190,825 00 4,058 00
,837 70
12,174 00
In force at end of year, . . $1,165,953 00 $24,887 90 $74,663 70
Miscellaneous.
Losses incurred during the year, . . . . . . $3,262 00
Profits or surplus returned during 1897, 100 per cent.
TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE
COMPANY, LOWELL.
[Incorporated June, 1848. Commenced business June, 1848.]
LEVI S PRAGUE, President. EDWARD M. TUCKE, Secretary.
Amount of permanent fund,
Detailed Statement op Stocks,
20 shares Androscoggin Mills,
4
2
50
300
5
100
10
15
38
100
20
25
Boott Cotton Mills, .
Hamilton Manufacturing Company
Lawrence Gas Company,
Lowell Gas Company,
Lowell Manufacturing Company,
Massachusetts Cotton Mills, .
Merrimack Manufacturing Co.,
Middlesex Company,
Tremont & Suffolk Mills,
Old Lowell National Bank,
National Bank of North America,
Vermont & Mass. Railroad, .
Andover town bonds,
Bonds, etc.
Par Value.
$2,000 00
4,000 00
2,000 00
5,000 00
30,000 00
3,450 00
10,000 00
10,000 00
1,500 00
3,800 00
10,000 00
2,000 00
2,500 00
15,000 00
$410,098 69
Market Value.
$2,290 00
3,880 00
1,390 00
5,500 00
79,500 00
2,637 50
9,850 00
10,175 00
1,792 50
5,130 00
12,250 00
1,800 00
3,875 00
16,425 00
TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE CO. 79
Boston city bonds, .....
Boston & Maine Railroad bonds,
Fitch burg city bonds, ....
Fitclibur^ Railroad bonds,
Lowell & Suburban Street Railway bonds,
Maine Central Railroad bonds,
St. Johnsbury & Lake Champlain R.R. bonds
Chicago Sanitary bonds, .
Swift Company bonds, ....
Marblehead water bonds, . .
Maiden sewer bonds, ....
Marlborough water loan, .
Boston United Gas Co. bonds, .
llolyoke city bonds, .....
Quincy (111.) city bonds, ....
New England Railroad Co. bonds, .
Par Value.
20,000 00
20,000 00
10,000 00
15,000 00
25,000 00
20,000 00
20,000 00
20,000 00
5,000 00
10,000 00
10,000 00
10,000 00
20,000 00
15,000 00
12,000 00
10,000 00
Market Value.
$22,400 00
24,000 00
11,000 00
16,425 00
20,750 00
20,600 00
23,400 00
21,600 00
5,150 00
10,850 00
10,950 00
10,900 00
18,400 00
17,100 00
12,600 00
12,200 00
|343,250 00 $420,820 00
Securities held as collateral for cash loans : -
1 share Appleton Co., .....
10 shares Nashua Street Railway Co.,
20 " Merrimack Woolen Mills,
35 " Criterion Knitting Co.,
90 " Lowell & Suburban Street Railway,
50 " American Bolt Co., ....
50 " Lowell & Suburban Street Railway,
30 " Lowell Gaslight Co.,
12 " New England Telephone Co., .
1 share Hamilton Manufacturing Co., .
Market Value. Loaned Thereon.
$300 00
1,000 00
1,500 00
5,500 00
11,250 00
5,000 00
6,250 00
7,500 00
1,500 00
1,000 00
f 200 00
2,000 00
5,000 00
14,000 00
5,000 00
4,000 00
1,000 00
$40,800 00 $31,200 00
Summary of Assets Dec, 81, 1897.
Loans on mortgage of real estate (first liens*), $149,539 00
Interest due or accrued thereon,
Stocks, bonds, etc , as per schedule, .
Loans on collateral security, as per schedule,
All other cash loans, .....
Cash in the office of the company, .
Cash deposited in bank, ....
Interest clue and accrued, ....
Premiums in course of collection (gross),
Gross assets,
2,356 00
420,820 00
31,200 00
58,521 00
5,420 55
26,179 07
2,193 55
13,725 31
$709,951 48
* Value of lands mortgaged, $125,930 00
Value of buildings thereon, 141,050 00
Amount of insurance held as collateral, .... 117,300 00
80 traders' and mechanics' mutual FIRE INSURANCE CO.
Liabilities.
Unearned premiums on outstanding risks,
Profits or surplus on terminated policies, unpaid,
Commissions and brokerage, ....
Gross liabilities,
Net cash assets, ......
$350,501 79
9,060 04
1,713 79
361,275 62
$348,678 86
Income.
Premiums outstanding Dec. 31, 1896, . . $7,117 17
Premiums on risks written or renewed, . . 217,054 55
Total, 122-1,171 72
Premiums now in course of collection, . . 13,725 31
Entire premiums collected, . f 210,446 41
Less reinsurance and return premiums, . . 6,334 23
Net cash premiums received, ....
Received for extra premiums,
Interest received on mortgages, . .
Interest and dividends received from all other sources, .
Gross cash income,
$204,112 18
1,220 07
8,312 61
24,342 74
1237,987 60
Expenditures.
Cash paid for losses, .....
as profits on terminated policies,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents,
Gross cash expenditures, ....
|61,836 17
99,795 64
30,745 75
17,731 59
2,297 49
1,600 00
$214,006 64
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $43,204,459 00 !
Risks written during 1897, . 13,800,839 00
Cash Prem's. Conting't Prem's.
5672,076 91 $672,076 91
217,054 55 217,054 55
Total, . . ' . . $57,005,298 00 $889,131 46 $889,131 46
Risks terminated during 1897, 12,692,375 00 200,023 96 200,023 96
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
. $44,312,923 00
14,175 00
. $44,298,748 00
,853 75
,107 50 $689,107 50
253 75 253 75
,853 75
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 20, 50 and 70 per cent.
11,836 00
WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO. 81
WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE
COMPANY, SPRINGFIELD.
[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.]
ELI8HA MORGAN, President. CHAS. E. STICKNEY, Secretary.
Summary of Assets Dec. 31, 1897.
Cash in the office of the company, . . . $362 65
Cash in hands of collecting agents, . . . 119 95
Due on account of assessments, 155,231 05
Gross assets,
Liabilities.
Losses adjusted, unpaid, $343 39
Unearned premiums on outstanding risks, . 2 43
Return premiums on cancelled policies, . . 3,189 19
Due and accrued for rent, salaries, etc., . . 4,610 51
Commissions and brokerage, .... 2 82
Gross liabilities,
Impairment,
Income.
Premiums outstanding Dec. 31, 1896,
Interest and dividends received from all sources,
Received from assessments, ....
Income from all other sources,
Gross cash income,
Expenditures.
Cash paid for losses,
for salaries of employees,
for State and local taxes,
for rents, ....
for assessment expense, .
for incidentals, .
Gross cash expenditures, .
Risks and Premiums.
Risks outstanding Dec. 31, 1896
Risks written during 1897,
Total,
Risks terminated during 1897
In force at end of year, .
$482 60
8,148 34
17,665 74
$4
86
6
23
5,848
36
2
10
,861 55
$6,799
46
730 00
80 50
183
34
1,504
11
880
69
,178 10
Amount.
Cash Prem's.
Conting't Prem's.
$600 00
$4 86
$14 58
600 00
4 86
14 58
$1,200 00
600 00
$9 72
4 86
$4 86
$600 00
Miscellaneous.
Assessments laid on deposit notes or contingent premiums, .
$29 16
14 58
$14 58
$22,500 00
82
WEST NEWBURY MUTUAL FIRE INSURANCE CO.
WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST
NEWBURY.
[Incorporated March, 1828. Commenced business April, 1828.]
CHAS. W. ORDWAY, President. HENRY T. BAILEY, Secretary.
[Note. — This company charges no cash premiums, but relies upon assessments on deposit
notes to pay losses and expenses.]
Summary of Assets Dec. 31, 1897.
Cash deposited in bank, , $252 39
Unpaid assessments, 700 00
Office furniture, . . . . $100 00
Gross assets, — $952 39
Unpaid losses, .
Due for borrowed money,
Gross liabilities,
Balance against company,
Liabilities.
$150 00
2,500 00
2,650 00
$1,697 61
Income.
Income from policy fees, .
Assessment on deposit notes,
(Borrowed money, $2,500.)
Gross cash income, .
$137 50
6,209 36
1,346 86
Expenditures
Cash paid for losses, ....
for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for interest, ....
for rents and incidentals,
(Borrowed money repaid, $4,000.)
Gross cash expenditures, .
$4,117 81
125 05
384 50
55 61
289 78
64 54
>,037 29
Risks outstanding Dec. 31, 1896,
Risks written during 1897,
Risks and Premiums.
Amount. Conting't Prem's.
$2,579,613 00 $154,677 28
380,685 00 23,222 43
Total,
Risks terminated during 1897, .
In force at end of year, .
$2,960,298 00 $177,899 71
374,129 00 20,482 99
$2,586,169 00 $157,416 72
WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 83
Miscellaneous.
Losses incurred during the year, $3,368 00
Assessments laid on deposit notes or contingent premiums, . 6,972 00
WORCESTER MANUFACTURERS' MUTUAL INSURANCE COM-
PANY, WORCESTER.
[Incorporated March 31, 1855. Commenced business March 31, 1855.]
PHILIP W. MOEN", President. WALDO E. BUCK, Secretary.
Detailed Statement of Stocks, Bonds, etc.
Fitchburg R.R. bonds, .
Old Colony Steamboat Co. bonds, .
Connecticut River R.R. scrip, .
Worcester Consolidated Street R.R. bonds,
Concord & Montreal R.R. bonds, .
Chicago, Burl. & Quincy R.R. bonds,
Old Colony R.R. bonds, ....
Boston & Lowell R R. bonds, .
Chicago & Eastern Illinois R.R. bonds, .
Boston & Maine R.R. bonds, .
City National Bank (Worcester) stock, .
West End Street R.R. bonds, .
Rutland Railway bonds, ....
Connecticut River stock, ....
Corporation notes,
Par Value.
$15,000 00
15,000 00
13,000 00
14,000 00
20,000 00
25,000 00
15,000 00
20,000 00
15,000 00
20,000 00
6,000 00
10,000 00
10,000 00
10,000 00
Market Value.
$15,750 00
15,750 00
13,000 00
14,140 00
21,100 00
24,375 00
16,050 00
21,000 00
18,825 00
23,800 00
9,000 00
10,800 00
10,625 00
26,000 00
35,000 00
$208,000 00 $275,215 00
Summary of Assets Dec. 31, 1897.
Stocks, bonds, etc., as per schedule, .
Cash in the office of the company,
Cash deposited in bank, ....
Interest due and accrued, . . .
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
State and local taxes, ....
Gross liabilities, . . .
Net cash assets, . . . . .
. $275,215 00
21 52
54,377 37
2,974 37
1,703 26
$334,291 52
$37 47
138,838 01
514 17
139,389 65
$194,901 87
84
WORCESTER MUTUAL FIRE INSURANCE CO.
Income.
Premiums outstanding Dec. 31, 1896, . . $1,301 72
Premiums on risks written or renewed, . . 291,965 26
Total, . $293,266 98
Premiums now in course of collection, . . 1,703 26
Entire premiums collected, .... $291,563 72
Less reinsurance and return premiums, . . 12,640 65
Net cash premiums received, . . . —
Interest and dividends received from all sources, .
Gross cash income,
Expenditures.
Cash paid for losses,
as profits on terminated policies, .
for salaries of officers and employees,
for State and local taxes,
for rents, ....
for inspections, etc.,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Amount. Cash Prem's.
Risks outstanding Dec. 31,1896, $33,107,475 00 $264,946 15
Risks written during 1897, . 37,115,998 00 291,965 26
Total, $70,223,473 00 $556,911 41
Risks terminated during 1897, . 34,980,318 00 279,235 39
$278,923 07
12,642 77
$291,565 84
$6,610 32
231,214 32
10,683 60
2,744 89
1,000 00
4,635 00
1,348 18
$258,236 31
Conting't Prem's.
$1,324,730 75
1,459,826 30
$2,784,557 05
1,396,176 95
In force at end of year,
$35,243,155 00 $277,676 02 $1,388,380 10
Miscellaneous.
Losses incurred during the year,
Profits or surplus returned during 1897, 86.759 per cent.
!,007 00
WORCESTER MUTUAL FIRE INSURANCE COMPANY,
WORCESTER.
[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.]
JOHN A. FAYERWEATHER, President. ROGER F. UPHAM, Secretary.
Amount of permanent fund, . . $420,000 00
Detailed Statement of Stocks, Bonds, etc.
Par Value. Market Value.
$17,000 00 $24,650 00
2,200 00 2,970 00
170 shares Worcester National Bank,
22 " Central National Bank, .
WORCESTER MUTUAL FIRE INSURANCE CO.
85
50 shares Citizens' National Bank, .
200 " City National Bank,
58 " Mechanics' National Bank,
45 " Quinsigamond National Bank,
40 " Fitchburg Nat'l Bank, Fitchburg,
10 " Southbridge Nat'l B'k, Southbridge
10 " Oxford National Bank, Oxford,
15 " Blackstone Nat'l Bank, Uxbridge,
20 " First National Bank, Westborough
25 " Wachnsett Nat'l Bank, Fitchburg,
Boston & Maine R.R. bonds,
Boston & Albany R.R. bonds, .
Cincinnati, Hamilton & Dayton R R. bonds,
Portland & Rnmford Falls R.R. bonds, .
Fitchburg R.R. bonds, ....
Cheshire R.R. bonds, ....
Worcester, Nashua & Rochester R.R. bonds,
Maine Central R.R. bonds,
Penobscot Shore Line R.R. bonds, .
Worcester Consolidated Street Railway bonds
West End Street Railway bonds,
Rutland R.R. bonds,
Old Colony R.R. bonds, ....
Securities held as collateral for cash loans :
Savings bank books assigned, .
60 shares Howard Bros. Manufacturing Co., .
15 " Worcester Gas Light Co., .
Par Value.
$5,000 00
20,000 00
5,800 00
4,500 00
4,000 00
1,000 00
1,000 00
1,500 00
2,000 00
2,500 00
15,000 00
10,000 00
12,000 00
10,000 00
25,000 00
7,000 00
8,000 00
5,000 00
5,000 00
6,000 00
5,000 00
3,000 00
20,000 00
Market Value.
$6,750 00
29,000 00
4,930 00
6,525 00
6,000 00
1,000 00
1,000 00
1,500 00
2,000 00
4,375 00
16,300 00
10,600 00
12,600 00
10,500 00
26,000 00
7,070 00
8,240 00
5,200 00
5,150 00
6,120 00
5,250 00
3,150 00
20,800 00
$197,500 00 $227,680 00
Market Value. Loaned Thereon.
$2,780 06 $1,800 00
6,000 00 5,000 00
2,250 00 500 00
$11,030 06 $7,300 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks, bonds, etc., as per schedule, .
Loans on collateral security, as per schedule,
All other cash loans,
Cash deposited in bank, ....
Interest clue and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$85,000 00
363,756 00
5,890 31
227,680 00
7,300 00
2,775 00
30,764 93
3,134 79
14,183 81
963 10
$741,447 94
* Value of lands mortgaged, $243,150 00
Value of buildings thereon 494,600 00
Amount of insurance held as collateral, .... 364,400 00
86
WORCESTER MUTUAL FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, $1,000 00
Unearned premiums on outstanding risks, . 304,937 17
Return premiums on cancelled policies, . . 129 97
Profits or surplus on terminated policies, unpaid, 3,325 46
Commissions and brokerage, .... 3,916 82
Gross liabilities,
$313,309 42
Net cash assets, $428,138 52
Income.
Premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Received for extra premiums, .
Interest received on mortgages, etc.,
Income from rents,
$9,386 97
168,020 00
$177,406 97
14,183 81
$163,223 16
5,993 04
Gross cash income,
Expenditures.
Cash paid for losses,
Deduct salvage and reinsurance,
Net cash paid for losses,
Cash paid as profits on terminated policies, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
for repairs on real estate,
Gross cash expenditures, ....
Risks and Premiums.
Amount.
Risks outstanding Dec. 31, 1896, $41,068,787 00
Risks written during 1897, . 11,759,777 00
f22,681 22
50 00
Total, . . . . $52,828,564 00
Risks terminated during 1897, 10,719,718 00
Cash Prem's.
$598,935 91
168,020 00
$766,955 91
162,560 84
$157,230 12
1,136 80
27,810 16
7,792 79
$193,969 87
$22,631 22
96,144 99
21,120 36
13,643 13
4,478 77
5,663 87
1,142 11
$164,824 45
Conting't Prem's.
$598,935 91
168,020 00
$766,955 91
162,560 84
In force at end of year,
$604,395 07 $604,395 07
. $42,108,846 00
Miscellaneous.
Losses incurred during the year, ......
Profits or surplus returned during 1897, 25, 50 and 70 per cent.
1,587 00
AGGREGATE.
$150,000
Assets.
Gross present assets,
$10,955,507
Liabilities.
Gross present liabilities,
|5,550,185
Income.
Cash received for premiums during the year,
$5,276,039
for interest and dividends, ....
422,363
for assessment on deposit notes, .
16,226
for rents, .......
27,386
from all other sources, ......
10,958
Gross cash income,
$5,752,972
Expenditures.
Cash paid for losses,
$963,079
for brokerage and commission on premiums, .
314,968
for salaries and fees of officers and employees,
288,131
for interest on borrowed money,
1,218
for State and local taxes, .....
68,627
for rents,
18,337
for return of profits or surplus,
3,492,380
for dividends on guaranty capital,
9,500
for all other expenditures,
182,067
Total expenditures,
$5,338,307
General Items.
Risks written during the year,
$547,093,073
terminated during the year,
527,296,244
outstanding at end of year, . . .
860,266,810
Amount of contingent premiums received thereon, .
23,612,772
of losses incurred during the year,
990,995
of permanent fund, ......
4,179,493
MASSACHUSETTS
Mutual Fiee-Maeine Insueance Companies.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1897.
90
CHINA MUTUAL INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
CHINA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.]
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary.
Office, 70 Eilby Street.
Detailed Statement of Stocks
100 shares Commerce National Bank,
100
100
100
100
75
100
250
60
Hide and Leather National Bank,
New England National Bank,
North National Bank,
Republic National Bank,
Old Colony Railroad,
Fitchburg Railroad,
New York, New Haven &Hart. R.R.,
Boston & Albany R.R., .
and Bonds.
Par Value.
$10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
7,500 00
10,000 00
25,000 00
6,000 00
Market Value.
|10,575 00
10,300 00
14,600 00
9,000 00
14,200 00
14,062 00
10,075 00
46,125 00
13,200 00
Securities held as collateral for cash loans :
31 shares Boston Casting Co., .
Excess of loan over market value, .
,500 00 $142,137 00
Market Value. Loaned Thereon.
$200 00 $3,000 00
2,800 00
$200 00
$200 00
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine risks, .
Reinsurance, etc.,
Gross assets,
$142,137 00
200 00
2,599 03
24,274 43
41,001 72
46,651 94
2,905 08
$259,769 20
Liabilities.
Amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
,425 00
5,700 00
$43,725 00
CHINA MUTUAL INSURANCE CO.
91
Unearned premiums on outstanding risks, . $101,013 38
Unpaid scrip ordered to be redeemed, . 60 00
Interest due or accrued on scrip, . . . 726 50
Commissions and brokerage, etc., . . . 2,500 00
Gross liabilities, except scrip, . . .
Surplus as regards policy holders,
Scrip outstanding, not ordered to be redeemed, . .
Impairment of scrip reserve, .
$148,024 88
$111,744 32
506,090 00
$394,345 68
Income.
Marine premiums outstanding Dec. 31, 1896, . $118,943 76
Premiums on risks written or renewed, . . 314,303 04
Total, $433,246 80
Premiums now in course of collection, . . 89,153 66
Entire premiums collected, .... $344,093 14
Less reinsurance and return premiums, . . 61,656 91
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
Income from promissory notes,
Gross cash income,
$282,436 23
5,940 77
4,647 95
$293,024 95
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Interest paid scrip holders, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, .
$274,040 08
24,912 01
$249,128 07
17,713 15
24,795 84
15,920 00
2,124 06
11,649 20
$321,330 32
Marine risks outstanding Dec, 31, 1896,
Marine risks written during 1897, .
Risks and Premiums.
Premiums.
$5,895,307 00 $215,078 36
17,077,050 00 314,303 04
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$22,972,357 00 $529,381 40
17,967,788 00 353,615 63
i,004,569 00 $175,765 77
350,375 00 10,492 23
:,654,194 00 $165,273 54
92
INDIA MUTUAL INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Marine and inland losses incurred during the year,
$16,994,714 00
. 12,145,000 00
185,585 00
INDIA MUTUAL INSURANCE COMPANY, BOSTON.
[Incorporated March 29, 1867. Commenced business May 2, 1867.]
Guaranty Fund paid up in Notes, $140,000.
H. B. ALDEN, President. GEO. H. CROWELL, Secretary.
Office, 107 Water Street.
Detailed Statement of Stocks
Boston United Gas bonds,
New York & New England R.R. bonds, .
150 shares Old Colony R.R., .
80 ■
125
50 '
63
60
25
10 '
20 '
40 '
10 '
10 '
Boston & Maine R.R.,
West End R.R.,
Chicago, Burl. & Quincy R.R.,
New England R.R.,
New York, New Haven & Hart. R.R
Fitchburg R.R.,
Boston & Albany R.R., .
Pullman Palace Car Co.,
Webster National Bank, .
Hamilton National Bank,
Everett National Bank, .
and Bonds.
Par Value.
$5,000 00
5,000 00
15,000 00
8,000 00
6,250 00
5,000 00
6,300 00
6,000 00
2,500 00
1,000 00
2,000 00
4,000 00
1,000 00
1,000 00
Market Value.
$4,600 00
6,000 00
28,050 00
13,400 00
12,875 00
5,000 00
5,040 00
11,040 00
2,500 00
2,190 00
3,460 00
4,040 00
1,030 00
900 00
Company's own scrip,
1,801 00
Securities held as collateral for cash loans : —
5 shares Simpson Patent Dry Dock, .
Corporation note,
,050 00 $100,125 00
Market Value. Loaned Thereon.
$300 00 $250 00
100 00 100 00
$400 00
$350 00
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $100,125 00
Loans on collateral security, as per schedule, . 350 00
Cash deposited in bank, 3,745 21
Premiums in course of collection (gross), . 2,906 40
Subscription notes on time, not exceeding
twelve months, not yet due, .... 140,000 00
Prem's more than three mos. due, . $412 76
Gross assets, ....
$247,126 61
INDIA MUTUAL INSURANCE CO.
93
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Interest due or accrued on scrip,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except guaranty fund,
Surplus as regards policy holders, .
Guaranty fund,
Scrip outstanding, not ordered to be redeemed,
Impairment of scrip reserve, .
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums received, ....
Interest and dividends received from all sources,
Income from rents, etc., . . . . .
$3,738 21
2,248 78
$5,986 99
3 00
$5,983 99
29,307 55
407 69
141 75
482 28
82 18
$36,405 44
$140,000 00
150,471 00
$210,721 17
290,471 00
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Total,
Deduct marine salvage and reinsurance, .
Net cash paid for fire, marine and inland losses,
Cash dividends paid,
Interest paid scrip holders, ....
,749 83
$5,365 42
37 50
$5,327 92
61,419 78
$66,747 70
3,319 16
$63,428 54
10,030 60
$53,397 94
.
60 00
.
3,789 60
642 50
.
$57,890 04
$19,842 76
208 53
$19,634 23
451 31
$20,085 54
1,171 36
$18,914 18
.
2,800 00
. . .
3,759 34
94
INDIA MUTUAL INSURANCE CO.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent, etc., .....
Gross cash expenditures, .
$10,562
14
6,400
00
157
42
2,753
83
,346 91
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Premiums.
^3,545,231 00 $46,991 47
5,194,231 00 61,419 78
^8,739,462 00 $108,411 25
4,142,184 00 50,047 33
$4,597,278 00 $58,363 92
224,968 00 1,988 45
t,372,310 00 $56,375 47
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
. $3,585,108 00
. 2,571,695 00
20,662 00
AGGREGATE.
Whole amount of guaranty fund, in subscription notes,
Whole amount of outstanding scrip not cancelled, .
Assets.
Gross present assets,
Liabilities.
Gross present liabilities,
Income.
Cash actually received for fire premiums, .
actually received for marine premiums,
for interest and dividends from all sources,
from all other sources,
Gross cash income,
Expenditures.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
for brokerage and commissions on premiums,
for salaries and pay of officers and employees,
for State and local taxes, ....
for office agency and incidental expenses, .
Interest paid scrip holders,
Dividends paid on subscription notes, .
Gross cash expenditures, ....
Miscellaneous.
Whole amount of fire risks written during the year,
premiums charged or receivable thereon,
marine risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine risks terminated during the year,
fire risks outstanding at end of year,
marine risks outstanding at end of year, .
fire losses incurred during the year,
marine losses incurred during the year, .
$140,000 00
656,561 00
$506,896 00
$184,430 00
$53,398 00
282,496 00
9,731 00
5,290 00
$350,915 00
$18,914 00
249,128 00
35,358
22,320
2,282
14,403
21,472
2,800
00
00
00
00
00
00
$366,677 00
$5,194,231 00
61,420 00
17,077,050
314,303
4,142,184
17,967,788
4,372,310
4,654,194
20,662 00
185,585 00
00
00
00
00
00
00
MASSACHUSETTS
JOINT-STOCK FIRE, MARINE AND FIRE-MARINE
INSURANCE COMPANIES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1897.
98
AMEBIC AN INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated June 12, 1818. Commenced business June 12, 1818.]
Paid-up Capital, $300,000.
FRANCIS PEABODY, President. HENRY S. BEAN, Secretary.
Office, 30 Kilby Street.
Detailed Statement of Stocks
222 shares Old Boston National Bank,
200
45
170
142
62
66
152
280
100
28
69
578
13
200
Columbian National Bank,
National Eagle Bank,
Globe National Bank,
Hamilton National Bank,
New England National Bank,
Suffolk National Bank, .
State National Bank,
National Union Bank,
Merchants' National Bank,
Tremont National Bank,
Washington National Bank,
Boston & Albany Railroad,
Boston & Lowell Railroad,
Old Colony Railroad,
Merrimack Manufacturing Co
Chicago, Burlington & Quincy R.R. bonds,
Eastern Railroad bonds, .
Chicago, Milwaukee & St. Paul R R. bonds,
Cincinnati, Ind., St Louis & Chic. R.R. bonds
Massachusetts State bonds,
United States bonds, .....
and Bonds.
Far Value.
$22,200 00
20,000 00
4,500 00
17,000 00
14,200 00
6,200 00
6,600 00
15,200 00
28,000 00
10,000 00
2,800 00
6.900 00
57,800 00
6,500 00
20,000 00
8,000 00
50,000 00
20,000 00
25,000 00
40,000 00
18,000 00
6,000 00
Market Value.
$22,810 50
16,275 00
3,375 00
14,832 50
14,661 50
9,067 50
6,814 50
16,720 00
36,470 00
15,775 00
1,988 00
6,900 00
126,582 00
14,560 00
37,850 00
8,000 00
49,500 00
24,000 00
31,875 00
40,400 00
19,080 00
7,695 00
$404,900 00 f525,231 50
Securities held as collateral for cash loans : -
200 shares Essex County Building Co., .
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $525,231 50
Loans on collateral security, as per schedule, . 15,000 00
Cash in the office of the company, . . . 2,222 82
Market Value. Loaned Thereon.
$20,000 00 $15,000 00
AMERICAN INSURANCE CO.
99
Cash deposited in bank, $37,471 56
Interest due and accrued, 2,367 85
Premiums in course of collection (gross), . 41,968 40
Prem's more than three mos. due, . $191 52
Gross assets,
$624,262 13
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, ,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Reinsurance and return premiums, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$9,456 53
23,794 07
$33,250 60
833 00
$32,417 60
122,155 83
2,281 70
242 78
7,844 07
8,472 86
173,414 84
,847 29
300,000 00
$150,847 29
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ..•'..
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income,
$26,830 13
238,348 51
$265,178 64
42,159 92
$223,018 72
55,596 23
$167,422 49
22,748 00
,170 49
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
$111,311 22
25,353 76
$85,957 46
18,000 00
34,561 48
20,500 75
6,621 32
12,541 97
$178,182 98
100
BOSTON MARINE INSURANCE CO.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $29,824,862 00 $338,200 45
. 22,071,177 00 238,142 93
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$51,896,039 00 $576,343 38
. 23,631,597 00 260,465 97
,264,442 00
5,613,446 00
515,877 41
61,822 43
. $22,650,996 00 $254,054 98
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors,
$11,958,919 00
8,234,645 00
91,463 00
2,815,500 00
18,000 00
51,300 00
BOSTON MARINE INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.]
Paid-up Capital, $1,000,000.
RANSOM B. FULLER, President. THOMAS H. LORD, Secretary.
Office, 95 Kilby Street.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Boston city bonds, $125,000 00 $139,462 50
Chicago, Burlington & Quincy R.R. bonds, . 41,000 00 44,375 00
West Shore R R bonds, . . . . . 5,000 00 5,550 00
Boston & Lowell R.R. bonds, . . . . 25,000 00 27,000 00
Brookline Gas Light Company bonds, . . 25,000 00 25,250 00
Newton city bonds, 25,000 00 27,000 00
Oregon Short Line R.R. bonds, ... 10,500 00 12,868 75
Louisville, Evansville & St. Louis R.R. bonds, 2,000 00 2,050 00
Fitchburg R.R. bonds, . . . ... 40,000 00 42,768 75
Wisconsin Central R.R. bonds, . ... 20,000 00 6,800 00
Union Pacific, Lincoln & Col. R.R. bonds, . 25,000 00 8,500 00
Atchison, Top^ka & Santa Fe R.R. bonds, . 86,000 00 67,287 50
Toledo, St. Louis & Kansas City R.R. bonds, . 20,000 00 17,400 00
Chicago, Burlington & Quincy R.R. stock, . 54,000 00 53,730 00
Iron Railway Co stock, . . . . . 29,700 00 14,850 00
Atchison, Topeka & Santa Fe R.R. stock, . 56,500 00 17,373 75
Manchester Mills stock, 20,000 00 20,000 00
Boston & Albany R.R. stock, 25,000 00 54,750 00
BOSTON MARINE INSURANCE CO.
101
Boston & Lowell R.R. stock, .
Fitchburg R.R. stock, ....
Lake Shore & Michigan Southern R.R. stock,
N. Y. Central & Hudson River R.R. stock,
N. Y., New Haven & Hartford R.R. stock,
Old Colony R.R. stock, .
Pullman Palace Car Co. stock,
Connecticut & Passumpsic R.R. stock,
Atlantic Bank stock, .
Atlas Bank stock,
Beverly Bank stock, .
Brookline Bank stock,
Columbian Bank stock,
Commercial Bank stock, .
Continental Bank stock, .
Eagle Bank stock,
Eliot Bank stock,
Exchange Bank stock,
First Bank stock,
First Bank, Salem, stock, .
Freeman's Bank stock,
Globe Bank stock,
Grand Bank, Marblehead, stock,
Hamilton Bank stock,
Hide and Leather Bank stock,
Howard Bank stock, .
Lincoln Bank stock, .
Mercantile Bank, Salem, stock,
Merchants 1 Bank stock,
Merchants' Bank, Salem, stock,
Naurnkeag Bank, Salem, stock,
New England Bank stock,
North Bank stock,
Old Boston Bank stock, .
Railroad Bank, Lowell, stock,
Republic Bank stock,
Revere Bank stock, .
Second Bank stock, .
State Bank stock,
Suffolk Bank stock, .
Tremont Bank stock,
Securities held as collateral for cash loans : —
25 shares Boston & Bangor S.S. Co.,
United States bonds,
Par Value.
$10,000 00
25,000 00
10,000 00
25,000 00
25,000 00
10,000 00
20,000 00
5,000 00
10,000 00
11,000 00
13,000 00
10,000 00
12,000 00
36,500 00
20,000 00
15,200 00
30,000 00
10,000 00
10,000 00
10,000 00
20,000 00
15,000 00
1,700 00
10,000 00
11,000 00
10,000 00
16,600 00
10,000 00
25,000 00
5,000 00
10,000 00
15,000 00
10,000 00
10,000 00
5,000 00
15,000 00
20,000 00
20,000 00
30,000 00
6,700 00
5,000 00
Market Value.
122,000 00
25,062 50
17,100 00
26,593 75
46,000 00
18,750 00
34,600 00
7,512 50
10,625 00
11,742 50
18,460 00
12,000 00
9,750 00
29,200 00
20,000 00
11,400 00
35,700 00
13,000 00
22,200 00
8,900 00
17,000 00
13,087 50
2,040 00
10,325 00
11,330 00
8,525 00
12,450 00
10,200 00
39,437 50
6,612 50
12,612 50
21,900 00
9,000 00
10,275 00
6,450 00
21,150 00
16,000 00
35,200 00
33,000 00
6,917 75
3,500 00
,223,400 00 $1,294,625 25
Market Value. Loaned Thereon.
$ 1,250 00 |750 00
3,435 00 1,400 00
f4,685 00 $2,150 00
102
BOSTON MARINE INSURANCE CO.
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, . $532 66
Gross assets, .....
Liabilities.
Amount of unpaid losses, ....
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .'....
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, ....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, .....
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
31, 1897.
$21,200 00
950,350 00
4,933 53
1,294,625 25
2,150 00
289,549 63
4,781 05
156,300 08
146,334 03
'J 156,025 00
409,915 61
17,035 90
155 70
$26,640 19
1,152 39
$25,487 80
361,376 45
$386,864 25
50,962 60
$335,901 65
96,850 52
$307,867 95
497 70
$307,370 25
855,739 20
1,163,109 45
262,117 45
$900,992 00
118,097 86
!,870,223 57
- 583,132 21
. $2,287,091 36
. 1,000,000 00
. $1,287,091 36
$239,051 13
782,894 14
* Value of lands mortgaged $2,183,600 00
Amount of insurance held as collateral 855,480 00
BOSTON MARINE INSURANCE CO.
103
Interest received on mortgages, .....
Interest and dividends received from all other sources, .
Income from rents, etc., .......
Gross cash income, .....
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....
,749 44
11,415 41
$590,575 97
57,373 48
$45,342 23
57,006 68
10,862 18
,135,156 36
$75,334 03
533,202 49
100,000 00
88,030 14
97,759 33
19,188 33
61,206 57
|974,720 89
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $10,512,540 00
. 38,165,350 00
. $48,677,890 00
. 19,419,380 00
. f 29,258,510 00
. 3,553,280 00
Premiums.
$115,565 64
361,376 45
$476,942 09
179,722 49
$297,219 60
33,493 04
. $25,705,230 00 $263,726 56
. $7,162,827 00
. 61,993,829 00
. $69,156,656 00
. 62,167,572 00
. $6,989,084 00
513,868 00
$492,773 54
855,739 20
11,348,512 74
891,242 49
$457,270 25
34,558 65
,475,216 00 $422,711 60
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$26,565,218 00
18,513,531 00
105,815 00
540,520 00
1,930,000 00
100,000 00
104,000 00
104
firemen's FIRE INSURANCE CO.
FIREMEN'S FIRE INSURANCE COMPANY, BOSTON.
[Incorporated Dec. 21, 1872. Commenced business Dec. 30, 1872.]
Paid-up Capital, $400,000.
THOMAS W. TUCKER, President. GEO. H. DEARBORN, Secretary pro tern.
Office, 43 Kilhy Street.
Detailed Statement of Stocks
Boston city bonds, .
Fall River city bonds,
Lawrence city bonds,
Quincy city bonds, .
Haverhill city bonds,
Brookline town notes,
Eastern R.R. bonds, .
Taunton city bonds, .
Boston & Providence R.R. bonds,
Old Colony R.R. bonds,
Boston & Maine R.R. bonds,
Boston & Lowell R.R. bonds,
Boston & Albany R.R. bonds,
Maine Central R.R. bonds,
Fitchburg R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Kan. City, St Joseph & C. Bluffs R.R. bonds,
Chicago, Burlington & Northern R.R. bonds,
Cedar Rapids, Iowa Falls & No. W. R.R. bonds
St. Paul & North Pacific R.R. bonds,
Jackson, Lansing & Saginaw R.R. bonds,
Middlesex County bonds, .
200 shares National City bank,
200
200
66
200
103
200
100
284
Hamilton National Bank,
National Eagle Bank,
Webster National Bank, .
Revere National Bank, .
Atlas National Bank,
Boston National Bank, .
Old Boston National Bank,
Atlantic Cotton Mills stock,
Loan to Arlington Mills, .
Loan to Manchester Mills,
Loan to Boston Manufacturing Co., .
Loan to Merrimack Manufacturing Co.,
and Bonds.
Par Value.
$60,000 00
30,000 00
20,000 00
8,000 00
10,000 00
18,000 00
22,500 00
30,000 00
25,000 00
20,000 00
10,000 00
1,000 00
25,000 00
10,000 00
25,000 00
25,000 00
20,000 00
25,000 00
25,000 00
30,000 00
10,000 00
20,000 00
20,000 00
20,000 00
20,000 00
6,600 00
20,000 00
10,300 00
20,000 00
10,000 00
28,400 00
25,000 00
25,000 00
25,000 00
30,000 00
Market Value.
$65,200 00
31,050 00
21,400 00
8,440 00
10,650 00
18,202 50
26,775 00
32,850 00
26,750 00
22,000 00
10,850 00
1,040 00
26,500 00
10,350 00
26,000 00
25,375 00
24,100 00
26,750 00
26,562 50
38,400 00
10,300 00
21,200 00
14,550 00
20,650 00
15,000 00
6,666 00
16,000 00
10,995 25
18,000 00
10,275 00
12,070 00
25,000 00
25,000 00
25,000 00
30,000 00
$729,800 00 $739,951 25
firemen's FIRE INSURANCE CO.
105
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $112,500 00
Interest due or accrued thereon, . . . 1,123 16
Stocks and bonds, as per schedule, . . . 739,951 25
Cash in the office of the company, . . . 808 93
Cash deposited in bank, , 41,096 73
Interest due and accrued, 7,231 67
Premiums in course of collection (gross), . 13,676 70
Prem's more than three mos. due, . $73 09
Gross assets,
Liabilities.
Losses reported,
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Due and accrued for rent, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital, .
$9,431
39
121,307
69
112 00
1,750
00
500
00
2,302
94
200 00
51
61
$916,388 44
135,655 63
$780,732 81
400,000 00
,732 81
Income.
Fire premiums outstanding Dec. 31, 1896, . $9,884 28
Same not collected, ...... 1 20
Net collected, . . . . . . $9,883 08
Premiums on risks written or renewed, . . 107,818 35
Total, $117,701 43
Premiums now in course of collection, . . 13,849 79
Entire premiums collected, . . . . $103,851 64
Less reinsurance and return premiums, , . 12,875 91
Net cash fire premiums received,
Interest received on mortgages, .....
Interest and dividends received from all other sources, .
$90,975 73
5,957 50
30,951 98
Gross cash income,
$127,885 21
* Value of lands mortgaged $303,600 00
Value of buildings thereon, 148,400 00
Amount of insurance held as collateral, . 230,000 00
106
MERCANTILE FIEE AND MARINE INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for lire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employee;
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
£40,372 22
3,921 61
$36,450 61
32,040 00
13,994 31
16,581 50
4,873 84
8,345 97
§112,286 23
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total.
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.835,671,362 00
. 12,430,299 00
Premiums.
$329,984 38
107,818 35
.$48,101,661 00 f437,802 73
. 15,659,163 00 139,180 20
. $ 32,442,498 00 $ 298,622 53
805,786 00 7,857 04
. $31,636,712 00 $290,765 49
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .
13,144,751 00
1,597,798 00
42,038 00
741,000 00
32,000 00
17,700 00
MERCANTILE FIRE AND MARINE INSURANCE COMPANY,
BOSTON.
[Incorporated Feb. 11, 1823. Commenced business May, 1823.]
Patd-up Capital, $400,000.
GEO. R. ROGERS, President. JAMES SIMPSON, Secretary.
Office, 47 Kilby Street.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Atlantic National Bank stock, .... f 10,000 00 §10,625 00
City National Bank stock, .... 20,000 00 14,550 00
MERCANTILE FIRE AND MARINE INSURANCE CO.
107
Columbian National Bank stock,
Eagle National Bank stock,
Globe National Bank stock,
Hamilton National Bank stock,
New England National Bank stock,
North National Bank stock,
Railroad National Bank stock,
State National Bank stock,
Suffolk National Bank stock,
Tremont National Bank stock,
Union National Bank stock,
Boston & Providence R.R. stock,
Chicago, Burlington & Quincy R.R. stock,
Lyman Mills stock, .
Oregon Railway & Navigation Co. stock
City of Boston bonds,
Kansas City, Fort Scott & Memphis R.R. bonds
Oregon Railway & Navigation Co. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Concord & Montreal R R bonds,
Old Colony R.R. bonds, .
City of Cambridge, Mass., bonds,
Boston & Albany R.R. bonds,
Boston & Lowell R.R. bonds,
City of Lowell, Mass., bonds,
Boston & Maine R.R. bonds,
City of Taunton bonds,
Fitchburg R.R. bonds,
Phila., Wilmington & Baltimore R.R. bonds,
City of Providence, R.I., bonds,
Par Value,
|20,000 00
21,400 00
30,000 00
12,000 00
16,000 00
20,000 00
1,800 00
17,800 00
35,600 00
10,000 00
20,000 00
20,000 00
10,000 00
10,000 00
3,500 00
10,000 00
5,000 00
2,000 00
1,000 00
10,000 00
25,000 00
5,000 00
15,000 00
5,000 00
5,000 00
10,000 00
5,000 00
14,000 00
7,000 00
10,000 00
Market Value.
$16,200 00
16,050 00
26,100 00
12,180 00
23,360 00
18,000 00
2,322 00
19,580 00
36,668 00
7,000 00
26,000 00
53,600 00
9,950 00
6,500 00
2,441 00
10,850 00
5,150 00
1,860 00
1,090 00
10,550 00
26,937 00
5,400 00
15,900 00
5,250 00
5,437 00
10,800 00
5,450 00
14,190 00
7,315 00
11,350 00
$407,100 00 $438,655 00
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .....
$135,600 00
1,220 45
438,655 00
1,070 77
37,833 35
1,553 29
21,778 64
$637,711 50
* Value of lands mortgaged $134,000 00
Value of buildings thereon 142,700 00
Amount of insurance held as collateral, .... 140,300 00
108
MERCANTILE FIRE AND MARINE INSURANCE CO.
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$11,053 35
1,697 00
$'12,750 35
3,751 07
$8,999 28
148,777 79
405 86
43 32
3,946 92
2,361 04
398 94
=
$164,933 15
Surplus over capital, .
$472,778 35
400,000 00
$72,778 35
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, $245,971 33
Premiums now in course of collection, . . 21,778 64
Entire premiums collected, . $224,192 69
Less reinsurance and return premiums, . . 52,661 87
Net cash fire premiums received, . . . — — - f 171,530 82
Interest received on mortgages, 4,530 00
Interest and dividends received from all other sources, . . 19,304 33
$24,357 40
221,613 93
Gross cash income, . . . ... , . $195,365 15
Expenditures.
Cash paid for fire losses,
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for rent and incidentals, .
,201 84
24,000 00
39,509 99
21,496 25
3,631 80
11,538 01
Gross cash expenditures.
$160,377 89
NORTH AMERICAN INSURANCE CO.
109
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
.f30,253,267 00 $331,768 18
. 21,165,675 00 221,613 93
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$51,418,942 00 $553,382 11
. 20,889,338 00 222,818 10
.$30,529,604 00 $330,564 01
. 3,766,431 00 40,135 64
,763,173 00 $290,428 37
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
£8,622,733 00
5,861,971 00
57,319 00
2,244,720 00
24,000 00
11,500 00
NORTH AMERICAN INSURANCE COMPANY, BOSTON.
[Incorporated December, 1872. Commenced business Jan. 1, 1873.]
Paid-up Capital, $200,000.
EUGENE E. PATRIDGE, President. CHARLES E. MACULLAR, Secretary.
Office, 59 Kilby Street.
Detailed Statement of Stocks
Newton city bonds, .....
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Northern Pacific R.R. bonds, .
Union Pacific R.R bonds, .
Oregon Railway & Nav. bonds,
Kan. City, Memph. & Birmingham R.R. bonds
Consolidated R.R. of Vermont bonds,
Ogdensburg & Lake Champlain R.R. bonds,
Boston & Maine R.R. bonds,
138 shares Boston National Bank, .
50 '
100 '
17
95 '
29
City National Bank,
Eliot National Bank,
Exchange National Bank,
Globe National Bank,
Hide and Leather National Bank,
and Bonds.
Par Value.
$15,000 00
5,000 00
5,000 00
4,000 00
6,000 00
12,000 00
7,000 00
5,000 00
4,000 00
10,000 00
13,800 00
5,000 00
10,000 00
1,700 00
9,500 00
2,900 00
Market Value.
$16,875 00
7,050 00
4,725 00
4,740 00
4,920 00
13,440 00
3,112 50
3,125 00
3,600 00
12,025 00
12,420 00
5,000 00
12,000 00
2,210 00
8,288 75
2,987 00
110
NORTH AMERICAN INSURANCE CO.
150 shares Merchants' National Bank,
143 " Old Boston National Bank, .
50 " Shoe and Leather National Bank,
100 " State National Bank,
67 " Suffolk National Bank, .
American Sugar Refinery Co. stock,
Northern R R. Co. stock, ....
Par Value.
$15,000 00
14,300 00
5,000 00
10,000 00
6,700 00
10,000 00
5,000 00
Market Value.
$23,662 50
14,093 25
4,700 00
11,000 00
6,917 75
14,250 00
7,731 25
Securities held as collateral for cash loans : —
N. Y., New Haven & Hartford R R. bonds,
$181,900 00 $198,873 00
Market Value.
$27,500 00
Loaned Thereon.
$25,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest flue or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office and in bank, .
Interest clue and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, . f 350 10
Gross assets,
31, 1897.
$38,300 00
93,900 00
1,283 33
198,873 00
25,000 00
12,758 06
1,538 66
24,928 43
510 50
$397,091 98
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
$1,121 77
9,413 88
Total amount of losses, ....
Less reinsurance, . .
$10,535 65
1,881 66
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, .....
Reinsurance disallowed, . . . .
Gross liabilities, except capital,
$8,653 99
124,218 11
' 4,782 62
275 10
57 34
137,987 16
.
Surplus as regards policy holders, .
Paid-up capital, .....
$259,104 82
200,000 00
Surplus over capital, .
$59,104 82
* Value of lauds mortgaged, ....
. $59,300
109,600
00
00
Amount of insurance held as collateral,
97,650 00
NORTH AMERICAN INSURANCE CO.
Ill
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, . . . .
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, etc., .
Gross cash income,
other
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals, .
Gross cash expenditures, .
|23,856 29
104 20
$23,752 09
183,434 21
$207,186 30
25,278 53
$181,907 77
67,124 98
sources,
,847 72
11,044 56
$114,782 79
5,013 47
10,516 08
3,024 98
$133,337 32
$77,803 16
12,000 00
23,758 82
17,800 00
2,725 88
7,007 98
$141,095 84
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $32,125,016 00 $328,265 78
. 17,958,235 00 183,434 21
Total, ......
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
.$50,083,251 00
. 19,013,998 00
5511,699 99
197,189 77
.$31,069,253 00 $314,510 22
. 6,698,061 00 62,892 04
.$24,371,192 00 $251,618 18
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors,
53,046,127 00
1,484,003 00
72,136 00
345,000 00
12,000 00
30,000 00
112
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY,
SPRINGFIELD.
[Incorporated 1849. Commenced business 1851.]
Paid-up Capital, $1,500,000.
A. W. DAMON", President. S. J. HALL, Secretary.
Detailed Statement of Stocks
United States bonds,
Amherst (Mass.) Water Co. bonds, .
Ann Arbor (Mich ) Water Co. bonds,
Berkshire (Mass.) Water Co. bonds,
Wakefield (Mass.) Water Co. bonds,
Swift & Co. (Chicago) bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Burlington & Northern R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern R R. bonds,
Kansas City, St. Jos. & Coun. Bluffs R.R. bonds,
New York & Harlem R.R. bonds, .
New York, New Haven & Hartford R.R. bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds,
Union Pacific R.R. bonds, .
1,500 shares Boston & Albany R.R.,
634 '
550 '
400 '
500 '
563 '
1,000 '
2,050 '
500 '
600 '
240
300
500
1,500
203
100
104
100
200
200
127
200
215
100
100
R.R
Chicago & Alton R.R , .
Chicago, Mil. & St. Paul R.R.,
Connecticut River R.R.,
Conn. & Passumpsic Rivers
Illinois Central R.R., .
New York & Harlem R R.,
N. Y., N. H. & Hartford R.R.,
Old Colony R.R., .
Pennsylvania R.R ,
Rome, Watert'n & Ogdens. R.R.,
Holyoke Street Railway,
Springfield Street Railway,
West End Street Railway,
Agawam Nat'l Bank, Springfield
Chapin Nat'l Bank, Springfield,
Chicopee N'l Bank, Springfield,
City Nat'l Bank, Springfield,
First Nat'l Bank, Springfield,
John Hancock N'l B'k, Springfield,
Pynchon Nat'l Bank, Springfield,
Second Nat'l Bank, Springfield, .
Third Nat'l Bank, Springfield, .
Atlas National Bank, Boston,
Boston National Bank, Boston, .
and Bonds.
Par Value.
|88,000 00
16,000 00
50,000 00
15,000 00
50,000 00
50,000 00
26,000 00
11,000 00
10,000 00
50,000 00
100,000 00
10,000 00
60,000 00
50,000 00
47,000 00
150,000 00
63,400 00
55,000 00
40,000 00
50,000 00
56,300 00
50,000 00
205,000 00
50,000 00
30,000 00
24,000 00
30,000 00
50,000 00
. 75,000 00
20,300 00
10,000 00
10,400 00
10,000 00
20,000 00
20,000 00
12,700 00
20,000 00
21,500 00
10,000 00
10,000 00
Market Value.
$106,750 00
16,000 00
50,000 00
15,000 00
50,000 00
50,000 00
26,000 00
11,000 00
14,000 00
57,000 00
120,000 00
10,000 00
84,000 00
60,000 00
47,000 00
322,500 00
101,440 00
77,000 00
100,000 00
52,500 00
56,300 00
157,500 00
369,000 00
92,500 00
31,500 00
28,800 00
57,000 00
100,000 00
140,000 00
20,300 00
13,000 00
16,120 00
14,700 00
22,000 00
22,000 00
17,145 00
27,000 00
45,150 00
10,500 00
9,000 00
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
11
Boylston National Bank, Boston,
Eliot National Bank, Boston, .
Freeman's National Bank, Boston,
Howard National Bank, Boston,
Merchants 1 Nat'l Bank, Boston,
N'l B'k of Commonwealth, Boston,
Nat'l Bank of Commerce, Boston,
National Exchange Bank, Boston,
New England Nat 1 ! Bank, Boston,
Old Boston Nat'l Bank, Boston,
Shawmut Nat 1 ! Bank, Boston,
Tremont Nat'l Bank, Boston,.
Washington Nat'l Bank, Boston,
Webster National Bank, Boston,
First National Bank, Chicopee,
Franklin Co. N'l B'k, Greenfield,
City National Bank, Holyoke,
First National Bank, Lynn,
Monson National Bank,Monson,
Adams Nat'l Bank, North Adams,
First Nat'l Bank, Northampton,
Northampton N'l B'k, N'hampton,
Palmer National Bank, Palmer,
Ware National Bank, Ware, .
Bank of North America, N. Y.,
Continental National Bank, N. Y.,
Fourth National Bank, N. Y.,.
Nat'l Bank of Commerce, N. Y.,
St. Paul N'l B'k, St. Paul, Minn.,
Securities held as collateral for cash loans : -
30 shares Third Nat'l Bank, Springfield,
100 " Nonotuck Paper Co., Holyoke,
108 " Parson's Paper Co., Holyoke, .
68 " Boston & Albany R.R. Co., .
135 " N. Y , N. H & Hartford R.R. Co., .
31 " Agawam National Bank,
30 " Barre, Yt , Water Co
90 " Revere, Mass., Water Co.,
150 shares
100
it
100
tc
300
((
100
tt
200
tt
100
(t
100
((
100
(4
100
It
100
It
50
It
100
tt
100
tt
71
tt
67
tt
250
tt
50
tt
31
tt
20
tt
60
tt
100
tt
37
tt
75
tt
100
tt
200
tt
200
tt
100
tt
100
tt
Par Value.
M 5,000 00
10,000 00
10,000 00
30,000 00
10,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
7,100 00
6,700 00
25,000 00
5,000 00
3,100 00
2,000 00
6,000 00
10,000 00
3,700 00
7,500 00
7,000 00
20,000 00
20,000 00
10,000 00
10,000 00
Market Value.
$17,850 00
11,900 00
. 8,500 00
25,500 00
15,700 00
28,400 00
10,500 00
13,000 00
14,600 00
10,200 00
11,400 00
3,500 00
9,900 00
10,000 00
10,295 00
7,035 00
26,250 00
6,300 00
4,340 00
2,400 00
7,800 00
15,000 00
5,180 00
8,250 00
9,450 00
27,000 00
36,000 00
20,500 00
8,000 00
$2,039,700 00 $3,004,455 00
Market Value. Loaned Thereon.
$6,300 00
30,000 00
43,200 00
14,484 00
23,355 00
3,100 00
4,500 00
18,000 00
$2,775 00
50,000 00
22,500 00
1,000 00
12,000 00
$142,939 00 $88,275 00
Summary op Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $128,000 00
Loans on mortgage of real estate (first liens*), 727,770 00
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$564,650 00
879,550 00
837,650 00
114
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Rents due and accrued,
Gross assets,
Deduct special deposits in other States,
Balance, .....
$19,473 46
3,004,455 00
88,275 00
16,682 22
172,590 75
31,789 44
317,262 82
978 16
1,507,276 85
93,750 00
^,413,526 85
Liabilities.
Losses adjusted, unpaid, ,
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risk
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liabilh^ on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
|36,918 86
96,642 68
24,259 51
$157,821 05
12,223 76
$145,597 29
1,447,327 05
63,452 56
46,304 50
fl,702,681 40
15,071 20
1,687,610 20
. |2,725,916 65
. 1,500,000 00
. $1,225,916 65
Income.
Fire premiums outstanding Dec. 31, 1896
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortg'acres,
Interest and dividends received from all other
Income from rents, ....
Gross cash income, .
$308,929 03
9,572 97
$299,356 06
2,136,672 59
^2,436,028 65
317,262 82
.2,118,765 83
371,741 61
sources,
$1,747,024 22
30,929 62
137,839 02
4,539 66
$1,920,332 52
SPRINGFIELD FIRE AND MARINE INSURANCE CO.
115
Expenditures.
Cash paid for fire losses, . .. . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, ,
for incidentals, .....
Gross cash expenditures, .
$874,678 39
65,136 24
,542 15
150,000 00
296,773 93
97,979 96
70,636 74
204,524 56
$1,629,457 34
Fire risks outstanding Dec. 31, 1896
Fire risks written during 1897,
Risks and Premiums.
Premiums,
$272,320,920 00 $3,065,623 56
190,543,690 00 2,136,672 59
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$ 462,864,610 00 $5,202,296 15
198,207,746 00 2,162,711 87
$264,656,864 00 $3,039,584 28
14,965,016 00 139,579 71
$249,691,848 00 $2,900,004 57
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$39,991,794 01
24,315,578 92
800,789 53
3,554,542 00
150,000 00
136,100 00
AGGREGATE.
Capital Stock.
Whole amount of capital actually paid up in cash, .
Gross present asset's,
Assets.
Liabilities.
Gross present liabilities, ......
Income.
Cash actually received for fire premiums, .
actually received for marine premiums, .
for interest and dividends from all sources,
from all other sources, . *
Gross cash income, ......
Expenditures.
Cash actually paid during the year for fire losses,
actually paid during the year for marine losses,
dividends to stockholders, . ...
for brokerage and commissions on premiums, .
for salaries and pay of officers and employees, .
for State and local taxes, .....
for office, agency and incidental expenses,
Gross cash expenditures, .....
Miscellaneous.
Whole amount of fire risks written during the year, .
premiums charged or receivable thereon,
marine risks written during the year,
premiums charged or receivable thereon,
fire risks terminated during the year,
marine risks terminated during the year,
fire risks outstanding at end of year,
marine risks outstanding at end of year,
cash dividends declared during the year,
fire losses incurred during the year,
marine losses incurred during the year, .
13,800,000 00
9,859,203 00
2,882,733 00
2,530,787 00
782,894 00
370,139 00
18,425 00
'3,702,245 00
111,145,289 00
533,202 00
336,040 00
496,628 00
272,117 00
107,678 00
305,167 00
$3,196,121 00
2,334,426 00
3,249,058 00
61,993,829 00
855,739 00
296,821,222 00
62,167,572 00
380,819,151 00
6,475,216 00
336,000 00
1,169,561 00
540,520 00
FIEE, MARINE AND FIRE-MARINE
INSURANCE COMPANIES
OF OTHER STATES.
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1897.
118
^TNA INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
"JETNA INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June, 1819. Commenced business August, 1819.]
Paid-up Capital, $4,000,000.
WM. B. CLARK, President. WM. H. KING, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, ...... $190,000 00 $220,700 00
Arizona Territory bonds, . . . . . 15,000 00 15,450 00
New Mexico Territory bonds, . 10,000 00 10,550 00
Alabama State bonds, . . . . . . 10,000 00 10,900 00
Georgia State bonds, 25,000 00 27,000 00
Mississippi State bonds, 11,000 00 12,320 00
New Hampshire State bonds, .... 39,500 00 43,845 00
Tennessee State bonds, ..... 23,000 00 20,930 00
Hartford County, Conn , bonds, . . . 5,000 00 5,000 00
Mecklenburg County, N. C, bonds, . . . 67,000 00 80,400 00
Spokane Co., Wash., court house and jail bonds, 25,000 00 26,500 00
Talbot County, Ga., court house bonds, . . 11,000 00 11,550 00
Norwich, Conn., town bonds, .... 100,000 00 124,000 00
Americus,Ga.,city public bldg. and sch'l bonds, 6,000 00 6,600 00
Albina, Oregon, city boulevard bonds, . . 25,000 00 31,250 00
Bainbridge, Ga., city academy bonds, . . 8,000 00 8,800 00
Boston, Mass., city bonds, .... 30,000 00 34,800 00
Brooklyn, N. Y., city bonds, .... 1,000 00 1,040 00
Buffalo, N. Y., city bonds 50,000 00 60,500 00
Chicago, 111., city bonds, ..... 16,000 00 16,800 00
Chicago, 111., sanitary district bonds, . . 50,000 00 56,000 00
City of Sioux Falls, So. Dakota, funding bonds, 25,000 00 25,500 00
Dallas, Texas, city water and sewer bonds, . 50,000 00 51,500 00
Dalles City, Oregon, water bonds, . . . 25,000 00 26,750 00
Dayton, Ohio, city street paving bonds, . . 25,000 00 27,500 00
Fort Wayne, Ind , city bonds, . 25,000 00 25,750 00
Fostoria, Ohio, city water bonds, . . . 25,000 00 26,250 00
Glenville, Ohio, village bonds, . . . . 7,000 00 7,140 00
Greensboro, N. C, city school bonds, . . 24,000 00 25,200 00
Greenville, Ala., school bonds, . . . . 20,000 00 21,000 00
Hamilton, Ohio, city gas works bonds, , . 25,000 00 26,000 00
Hartford, Conn., city bonds, . . . . . 51,000 00 53,040 00
^TNA INSURANCE CO.
119
Jersey City, N. J., city hall bonds, .
Kansas City, Kan., improvement bonds, .
Lexington, Ky., city bonds,
Lockport, N. Y., city bonds,
Montreal, Canada, corporation stock,
Montreal, Canada, harbor bonds,
New Brunswick, N. J., water bonds,
Ogden City, Utah, improvement bonds, .
Port of Portland, Oregon, gold bonds,
Providence, R. I., city bonds, .
Rah way, N. J., city bonds,
Richmond, Va., city bonds,
Roanoke, Va., city bonds, ....
St. Louis, Mo., city gold bonds,
Seattle, Wash., city water and sewer bonds,
Superior, Wis., city bonds,
Tacoma, Wash., city water and light bonds,
Toledo, Ohio, city special bonds,
Topeka, Kansas, city funding bonds,
Urbana, Ohio, city bonds, ....
Watsonville, Cal., school bonds,
Winston, N. C, city bonds,
Brooklyn Wharf & Warehouse Co. bonds,
Loan & Guarantee Co. of Connecticut bonds,
Central Safety Deposit Co. bonds, Chicago,
Tacoma Safety Deposit Co. bonds, Chicago,
North East Sch 1 ! Dist., Hartford, Conn., bonds,
School District No. 2, Enfield, Conn., bonds, .
School Dist No. 24, Woodbridge, N. J., bonds,
State of 111., Mason & Tazewell drain, dist. b'ds,
Y. M. C. A., Wilmington, N. C, bonds,
Atlantic Mutual Insurance Co. scrip,
Albany & Susquehanna R.R. bonds,
Alabama Central R.R. bonds, .
Atchison, Colorado & Pacific R.R. bonds,
Akron <fe Chicago Junction R.R. bonds,
Buffalo, New York & Erie R R. bonds,
Canadian Pacific Railway Co. bonds,
Centralia & Chester R.R. bonds,
Chesapeake & Ohio R R. bonds,
Cleve., Col., Cm. & Indianapolis R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Northwestern R.R. bonds,
Chicago North Shore Street Railway Co. bonds
Chicago, Rock Island & Pacific R.R. bonds,
Chicago & Western Indiana R.R. bonds, .
Cincinnati, Dayton & Ironton R.R. bonds,
Par Value.
$25,000 00
13,000 00
50,000 00
15,000 00
19,000 00
4,000 00
6,000 00
18,000 00
50,000 00
50,000 00
22,000 00
44,750 00
30,000 00
50,000 00
50,000 00
25,000 00
25,000 00
13,000 00
25,000 00
25,000 00
13,000 00
25,000 00
100,000 00
9,000 00
50,000 00
50,000 00
20,000 00
4,000 00
4,000 00
9,000 00
20,000 00
55,910 00
100,000 00
25,000 00
50,000 00
25,000 00
20,000 00
100,000 00
25,000 00
50,000 00
85,000 00
187,000 00
210,000 00
191,000 00
25,000 00
160,000 00
95,000 00
25,000 00
Market Value.
$29,500 00
13,390 00
54,500 00
15,750 00
20,900 00
4,000 00
6,600 00
18,360 00
56,000 00
53,500 00
19,800 00
49,902 50
31,800 00
52,500 00
51,500 00
25,000 00
25,750 00
14,300 00
25,750 00
25,000 00
13,600 00
25,000 00
100,000 00
9,000 00
50,000 00
52,500 00
20,000 00
4,000 00
4,120 00
9,720 00
20,000 00
59,823 70
121,500 00
28,000 00
15,000 00
24,000 00
28,000 00
110,000 00
22,500 00
52,750 00
107,250 00
204,380 00
276,687 50
228,860 00
26,750 00
187,900 00
111,000 00
27,750 00
120
JETNA INSURANCE CO.
Cincinnati, Hamilton & Dayton R.R. bonds,
Columbus & Toledo R.R. bonds,
Connecticut River R R. coupon scrip,
Dayton & Western R.R bonds,
Delaware & Hudson Canal Co. bonds,
Flint & Pere Marquette. R.R. bonds,
Georgia R.R. & Banking Co. bonds,
Hartford Street Railway Co. bonds,
Harlem River & Port Chester R.R. bonds
Indiana & Lake Michigan R.R. bonds,
Indianapolis & Vincennes R.R. bonds,
Jeftersonville, Madison & Indiana R.R, bonds,
Keokuk & Des Moines R R. bonds, .
Lake Shore & Michigan Southern R.R. bonds,
Louisville, New Albany & Chicago R.R. bonds,
Louisiana & Missouri River R.R. bonds,
Lehigh Valley Terminal bonds,
Mahoning Coal R R. bonds,
Michigan Central R.R. bonds, .
Minneapolis & St. Louis R.R. bonds,
Minneapolis Union R.R. bonds,
Morris & Essex R R. bonds,
N. Y. Central & Hudson River R.R. bonds,
New York & Harlem R R. bonds, .
New York, Lake Erie & Western R.R. bonds,
New England R.R. bonds,
New York & New England R.R. bonds, .
N. Y., New Haven & Hartford R.R. certificates
N. Y., Susquehanna & Western bonds, .
Northwestern Union R.R. bonds,
Norfolk & Western R.R bonds,
North Chicago Street R.R. Co. bonds,
Oswego R.R. Bridge Co. bonds,
Ohio & West Virginia R R. bonds, .
Pittsburgh, Ft. Wayne & Chicago R.R. bonds
Port Reading R R. bonds,
St. Louis, Alton & Terre Haute bonds, . i
St Paul, Minneapolis & Manitoba R.R. bonds
St. Paul & Northern Pacific R.R. bonds,
St. Paul & Sioux City R.R. bonds, .
Southern Railway Co. bonds, .
Terre Haute & Peoria R.R. bonds, .
Toledo & Ohio Central R.R bonds, .
Vermont Valley R.R. bonds, .
Wabash R.R. bonds, ....
West Chicago Street R.R. bonds,
West Shore R.R. bonds, . .
Wilmar & Sioux Falls R.R. bonds, .
Par Value.
182,000 00
90,000 00
15,000 00
28,000 00
25,000 00
50,000 00
25,000 00
50,000 00
150,000 00
50,000 00
50,000 00
18,000 00
40,000 00
189,000 00
25,000 00
25,000 00
25,000 00
30,000 00
50,000 00
50,000 00
50,000 00
135,000 00
175,000 00
10,000 00
45,000 00
50,000 00
50,000 00
75,000 00
25,000 00
25,000 00
50,000 00
25,000 00
50,000 00
26,000 00
196,000 00
25,000 00
30,000 00
25,000 00
50,000 00
25,000 00
25,000 00
25,000 00
25,000 00
50,000 00
25,000 00
50,000 00
50,000 00
25,000 00
Market Value.
$91,080 00
105,280 00
15,150 00
31,360 00
36,500 00
42,500 00
28,750 00
51,000 00
176,000 00
42,500 00
60,500 00
20,340 00
42,400 00
196,560 00
29,250 00
27,500 00
27,500 00
37,500 00
57,250 00
62,500 00
63,000 00
193,175 00
209,125 00
11,000 00
64,350 00
63,000 00
61,000 00
108,000 00
27,250 00
36,125 00
62,000 00
26,000 00
59,000 00
27,300 00
277,500 00
26,000 00
31,650 00
31,875 00
64,500 00
33,250 00
23,750 00
17,500 00
26,000 00
55,500 00
26,750 00
51,000 00
55,750 00
27,500 00
JETNA INSURANCE CO. 121
Par Value. Market Value.
400 shares American Telegraph & Cable Co , $40,000 00 $36,000 i-0
300 " International Ocean Tel. Co., . 30,000 00 33,000 00
1,000 « Northwest Telegraph Co., . . 50,000 00 56,000 00
50 " Connecticut River Co,. . . 5,000 00 1,000 00
10 " Underwriters' Salvage Co., N Y, 1,000 00 500 00
84 " Brooklyn Wharf & Warehouse Co, 8,400 00 840 00
500 " Albany & Susquehanna R.R. Co, 50,000 00 92,500 00
250 » Bald Eagle Valley R.R. Co, . ' 12,500 00 25,000 00
150 " Central Ohio R R. Co, . . . 7,500 00 3,600 00
750 " Clev,Cin.,Chic.&St.L.R.R. Co, 75,000 00 61,500 00
1,000 " Cleveland & Pittsburgh R.R. Co., 50,000 00 85,000 00
240 " Chicago, Burl. & Quincy R R. Co, 24,000 00 23,760 00
350 " Chicago & Northwestern R.R. Co, 35,000 00 57,400 00
220 " Chic, Rock Is. & Pacific R.R. Co, 22,000 00 20,020 00
300 " Connecticut River R.R. Co, . . 30,000 00 75,000 00
500 " Conn. & Passumpsic Riv R R. Co, 50,000 00 52,500 00
300 " Dayton & Michigan R.R. Co, . 15,000 00 27,000 00
200 « Dcla. & Bound Brook R.R. Co, . 20,000 00 34,000 00
400 " Fort Wayne & Jackson R.R. Co, 40,000 00 54,400 00
100 " Joliet & Chicago R R. Co, . . 10,000 00 16,000 00
400 " Kal, Allegan. &Gr Rap. R R. Co, 40,000 00 54,000 00
200 " Keokuk & Des Moines R.R. Co, . 20,000 00 3,000 00
1,000 " Morris & Essex R.R. Co, . . 50,000 00 85,000 00
800 " N. Y., Cen. & Hud. Riv. R.R. Co, 80,000 00 85,600 00
500 " New York & Harlem R.R. Co, . 25,000 00 81,250 00
1,875 " N. Y, N. H. & Hartford R.R. Co, 187,500 00 343,125 00
500 " Oswego & Syracuse R.R. Co, . 25,000 00 50,750 00
1,000 " Pitts, Ft. Wayne & Chic. R R. Co, 100,000 00 172,000 00
150 " Peoria & Bureau Valley R.R. Co , 15,000 00 27,750 00
1,000 « Rensselaer & Saratoga R R. Co, . 100,000 00 184,000 00
200 " Valley (New York) R.R. Co, . 20,000 00 22,500 00
200 " iEtna Nat'l Bank, Hartford, Conn, 20,000 00 29,000 00
200 " Am. Nat'l Bank, Hartford, Conn, 10,000 00 14,000 00
400 " Charter Oak N'l B"k, Hart, Conn, 40,000 00 40,000 00
188 " City B'k of Hartford, Hart, Conn, 18,800 00 20,116 00
150 " Conn. River Banking Co, . . 4,500 00 5,250 00
350 " Farm. & Mech. N'l B'k, Hart, Conn, 35,000 00 40,250 00
200 " First National Bank, Hart, Conn , 20,000 00 23,000 00
1,000 " Hartford Nat 1 ! Bank, Hart, Conn, 100,000 00 140,000 00
550 " Nat'l Exchange B'k, Hart , Conn, 27,500 00 35,750 00
1,000 " Phoenix Nat'l Bank, Hart, Conn, 100,000 00 125,000 00
550 " State Bank, Hartford, Conn , . 55,000 00 60,500 00
400 " Am. Exchange Nat'l Bank, NY, 40,000 00 68,400 00
400 " Bank of the Manhattan Co , N. Y , 20,000 00 46,000 00
300 " B'k of N. Y. Nat'l Banking Asso, 30,000 00 72,000 00
100 " Hanover National Bank, N. Y, . 10,000 00 35,500 00
300 " Imp. & Traders' Nat'l Bank, N.Y, 30,000 00 160,500 00
100 " Market & Fulton Nat'l B'k, N. Y, 10,000 00 22,500 00
122
^ETNA INSURANCE CO.
700 shares
120
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1,200
u
400
((
200
t<
500
u
200
((
150
It
300
it
100
((
300
((
200
((
100
(«
250
«(
100
(t
100
(C
200
u
100
u
100
u
100
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150
ci
100
m
100
(C
Merchants 1 National Bank, N. Y.
Merchants 1 Exch. Nat 1 ! B'k, N. Y,
Mechanics 1 National Bank, N. Y.
Metropolitan Nat 1 l Bank, N. Y.,
Nassau Bank, N. Y.,
Natl Bank of Commerce, N. Y.,
N'l B'k of North America, N. Y,
Nat'l Bank of the Republic, N. Y,
N'l Butch. & Drovers' B'k, N. Y,
National City Bank, N. Y., .
Phenix National Bank, N. Y.,
People's Bank, N. Y., .
Third National Bank, N. Y ,
Farmers 1 & Mech. Nat'l B'k, Phil
First Nat'l Bank, Albany, N. Y.,
New Britain National Bank,
American Loan & Trust Co., N. Y
Central Trust Co., N. Y., .
Holland Trust Co., N. Y., .
Metropolitan Trust Co., N. Y.,
New York Life Ins. & Trust Co,
United States Trust Co., N. Y.,
Union Trust Co., N. Y.,
Par Value.
|35,000 00
6,000 00
30,000 00
40,000 00
10,000 00
50,000 00
14,000 00
15,000 00
7,500 00
10,000 00
6,000 00
5,000 00
10,000 00
25,000 00
10,000 00
10,000 00
20,000 00
10,000 00
10,000 00
10,000 00
15,000 00
10,000 00
10,000 00
Market Value.
$51,800 00
7,410 00
57,600 00
5,200 00
15,000 00
105,000 00
18,900 00
23,250 00
7,050 00
72,500 00
6,000 00
10,750 00
5,000 00
27,000 00
15,500 00
16,000 00
124,000 00
10,000 00
31,000 00
177,150 00
112,500 00
101,000 00
$7,973,360 00$10,416,129 70
Securities held as collateral for cash loans : —
25 shares National Bank of Commerce, N. Y., .
25 " Mechanics' National Bank, N. Y., .
Market Value. Loaned Thereon.
$5,250 00
1,200 00
$3,600 00
1,450 00 $3,600 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $225,000 00
Loans on mortgage of real estate (first liens*), 36,000 00
Interest due or accrued thereon, . . . 301 12
Stocks and bonds, as per schedule, . . . 10,416,129 70
Loans on collateral security, as per schedule, . 3,600 00
Cash in the office of the company, . . . 1,887 82
Cash deposited in bank, 782,923 54
Interest due and accrued, ..... 465 00
Premiums in course of collection (gross), . 625,012 23
Gross assets, ...... —
Deduct special deposits in other States, . .
-$12,091,319 41
255,702 50
Balance,
$11,835,616 91
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$42,500 00
40,000 00
26,500 00
MTNA INSUKANCE CO.
123
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, ,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Return premiums and reinsurance, ,
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
$72,348 51
305,634 24
45,283 95
$423,266 70
53,676 53
$369,590 17
3,062,429 55
54,737 79
68,157 62
91,183 09
234,127 90
£3,880,226 12
176,589 86
1,703,636 26
Surplus over capital, .
|8,131,980 65
4,000,000 00
$4,131,980 65
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,. . . . . . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Deposits received for perpetual fire risks,
$537,780 61
4,430,755 67
$4,968,536 28
532,350 64
$4,436,185 64
796,054 26
$65,076 06
315,501 01
$380,577 07
92,661 59
$287,915 48
111,599 17
sources, .
$3,068 98
5,640,131 38
176,316 31
1,984 83
507,850 55
4,999 71
Gross cash income, $4,331,282 78
124
MTNA INSUEANCE CO.
Expenditures.
Cash paid for fire losses, . . . . . $
Deduct salvage and reinsurance, . .
Net cash paid for fire losses, . . ., . -
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance, . ...
Net cash paid for marine and inland losses, . -
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
1,989,420 45
158,610 85
|142,785 05
46,952 53
$1,830,809 60
95,832 52
720,000 00
626,285 17
272,995 39
83,127 21
266,980 56
$469 00
1,896,030 45
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, . • . ....
Deduct risks expired and terminated,
In force at end of year, ....
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incl'd above),
Marine risks outstanding Dec. 31, 1896, .
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
$522,911,981 00
373,663,206 00
$896,575,187 00
366,959,586 00
$529,615,601 00
38,788,674 00
$490,826,927 00
$2,418,528 00
$3,933,556 00
101,436,572 00
Premiums.
$6,265,664 91
4,430,755 67
$10,696,420 58
4,409.637 59
$105,370,128 00
97,977,391 00
$7,392,737 00
838,617 00
5,286,782 99
463,557 31
$5,823,225 68
$57,618 72
$125,511 21
315,501 01
$441,012 22
235,167 92
$205,844 30
22,214 34
>,554,120 00 $183,629 96
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (18 per cent.),
Company's stock owned by directors, .
$145,920,357 00
81,125,621 00
1,855,528 00
99,698 00
23,633,365 00
720,000 00
215,800 00
AGRICULTURAL INSURANCE CO.
125
"AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y.
[Incorporated 1853.* Commenced business February, 1853.]
Paid-up Capital, $500,000.
JEAN" R. ST EB BIN'S, President. W. H. STEVENS, Secretary.
Detailed Statement of Stocks
Union Pacific R R. bonds,
Batopilas Mining Co. bonds,
El wood Silk Manufacturing Co. bonds,
Jefferson Power Co. bonds,
City of Richmond bonds, .
Dexter Sulphite Pulp & Paper Co. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
New York Central & Hudson River R R. stock
Chicago, Milwaukee & St. Paul R.R. stock,
Western Union Telegraph stock,
National Union Bank stock,
Jefferson County National Bank stock, .
Watertown National Bank stock,
Excelsior Carriage Co. stock, .
Union Building & Loan Co. certificate, .
Cleveland Building & Loan Co. certificate,
National Bank & Loan Co stock,
Adams & Duford Co, stock,
Securities held for collateral for cash loans
Chicago & Alton R R. stock,
First National Bank of Carthage, N. Y., stock
National Bank of Fayetteville, N. Y., stock,
Real estate mortgages, ....
C. R. Remington, Son & Co., stock, .
Remington Paper Co. stock, ....
First National Bank of Frankfort, N. Y., stock,
First National Bank of Herkimer, N. Y., stock,
Watertown Steam Engine Co. stock,
Deeds of real estate, ....
The Bagley & Sewall Co. stock,
Barber Asphalt Co. stock,
Batopilas Mining Co. bonds,
Hudson River Pulp & Paper Co. stock,
Watertown National Bank stock,
Ontario Paper Co. stock, .
Union Carriage and Gear Co. stock,
First N'l B'k of Richfield Springs, N. Y , stock,
International Pulp Co. stock, .
and Bonds,
Par Value.
$2,000 00
200 00
1,000 00
27,500 00
27,000 00
5,000 00
25,000 00
20,000 00
30,000 00
108,500 00
21,360 00
1,760 00
10,500 00
2,500 00
10,000 00
5,000 00
10,000 00
5,000 00
Market Value.
$2,040 00
200 00
1,000 00
27,500 00
27,000 00
5,000 00
26,906 25
21,325 00
28,237 50
97,921 25
36,045 00
3,960 00
19,425 00
2,500 00
10,000 00
5,000 00
11,000 00
5,000 00
; 12,320 00 1330,060 00
Market Value.
$7,150 00
6,250 00
1,667 50
53,464 40
7,000 00
14,900 00
11,250 00
12,150 00
7,350 00
21,500 00
23,700 00
12,000 00
4,000 00
30,000 00
1,850 00
8,140 00
500 00
6,000 00
1,100 00
Loaned Thereon.
$3,899 91
5,000 00
769 06
43,110 50
7,046 45
18,000 00
6,500
00
18,637
40
10,000
00
8,000 00
25,000
00
3,650 00
210
00
5,000 00
1,000
00
* Organized as mutual, 1853; incorporated as stock, 1863.
126
AGEICULTURAL INSURANCE CO.
N. Y. Central & Hudson River R.R. stock,
National Union Bank, Watertown, N. Y., stock,
City National Bank, Watertown, N. Y., stock,
Watertown N'l B'k, Watertown, N. Y., stock,
American Express Co. stock, .
C. R. Remington, Son & Co., stock, .
Brownville Paper Co. stock and bonds, .
Willamette Pulp & Paper Co. stock,
Nat'l Union B'k of Schenectady, N. Y., stock,
Brockway Sons Co stock,
Watertown National Bank stock,
Nat'l Union Bank, Watertown, N. Y., stock,
Ontario Paper Co. stock, .
National Bank & Loan Co. stock,
Taggarts Paper Co. stock,
Felts Mills Paper Co. stock,
Wendler Machine Co. bonds, .
Deed of real estate, .
C. R. Remington, Son & Co., bond,
N. Y. Central & Hudson River R.R. stock,
Western Union Telegraph stock,
Market Value.
$1,492 75
3,240 00
625 00
1,850 00
1,725 00
7,500 00
21,900 00
15,000 00
3,750 00
10,000 00
1,850 00
1,350 00
22,000 00
3,300 00
3,500 00
5,720 00
13,000 00
1,500 00
500 00
3,624 25
11,732 50
Loaned Thereon.
} $10,000 00
8,600 00
10,000 00
3,000 00
8,000 00
2,750 00
20,000 00
2,000 00
5,000 00
10,000 00
1,000 00
200 00
13,225 00
|365,131 40 $249,598 32
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest clue or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents clue and accrued,
Due from admitted companies for losses paid
Gross assets,
Deduct special deposit, ....
Balance, $2,258,999 37
$262,555 00
1,027,549 19
22,960 10
330,060 00
249,598 00
37,655 47
142,053 33
9,348 42
200,487 13
2,050 00
1,682 73
1,285,999 37
27,000 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amcunt of losses,
Less reinsurance,
Net amount of unpaid losses,
$33,838 93
57,350 56
19,058 00
$110,247 49
27,068 18
$83,179 31
* Value of lands mortgaged,
$2,190,165 00
AGRICULTURAL INSURANCE CO.
127
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,.
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 81, 1896,
Same not collected,
Net collected, .
Premiums on risks written or renewed, .
Total, . . . . . . " .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash tire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
$1,205,867 77
55 00
46,130 85
34,854 00
3,335 38
$1,373,422 31
14,513 84
$1,358,908 47
$900,090 90
500,000 00
$400,090 90
$205,144 25
26,392 07
$178,752 18
1,504,725 25
$1,683,477 43
200,487 13
$1,482,990 30
613,276 00
sources,
Gross cash income,
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
,714 30
53,406 02
35,633 85
2,495 50
,249 67
$608,101 88
118,717 67
$489,384 21
49,945 00
168,560 09
109,519 57
34,709 85
113,368 48
$965,487 20
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Risks and Premiums.
Premiums.
$312,482,356 00 $2,858,865 00
182,813,100 00 1,504,725 25
$495,295,456 00 $4,363,590 25
190,994,456 00 1,702,643 25
$304,301,000 00
24,645,400 00
1,660,947 00
182,346 00
$279,655,600 00 $2,478,601 00
128
ALBANY INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$21,409,917 00
10,617,444 00
503,279 00
1,180,000 00
50,000 00
144,800 00
" ALBANY INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881.]
Paid-up Capital, $250,000.
JOHN HOWARD KING, President. CHARLES H. HAHN, Secretary.
Detailed Statement of Stocks and Bonds.
Watervliet Turnpike and R.R. bonds,
Albany & Susquehanna R.R. bonds,
West Shore R.R. bonds, .
New York Central R.R. bonds,
Wabash R.R. bonds, ....
Municipal gas bonds, Albany, N. Y.,
Union R.R. Co. bonds,
St. Louis & San Francisco bonds,
Ann Arbor R.R bonds,
People's Gas. Co. Consol., Chicago, bonds,
Western New York & Pennsylvania bonds,
Par Value.
$6,000 00
25,000 00
10,000 00
34,000 00
25,000 00
1,000 00
10,000 00
25,000 00
10,000 00
10,000 00
15,000 00
Market Value.
$7,020 00
29,125 00
10,800 00
36,895 00
26,162 50
1,100 00
11,000 00
28,150 00
8,300 00
11,600 00
16,350 00
$ 171,000 00 $186,502 50
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (fi
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, . . . ' .
st liens*),
1,450 00
236,290 00
1,266 29
186,502 50
2,230 04
19,255 60
163 00
7,219 44
$479,376 87
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$179,250 00
338,500 00
275,800 00
ALBANY INSURANCE CO.
129
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
$2,036 50
5,407 50
920 00
69,667 84
744 36
1,536 59
,312 79
$399,064 08
250,000 00
Surplus over capital, ..... . . . $149,064 08
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, . . ...
Net collected, . . . .
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Agency profit,
1,626 64
436 80
$6,189 84
110,817 76
$117,007 60
7,219 44
$109,788 16
13,554 93
sources,
Gross cash income,
$96,233 23
12,771 52
8,307 07
654 00
3,440 95
M 21,406 77
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
$55,399 08
3,164 43
$52,234 65
20,000 00
18,172 78
9,690 96
6,851 27
3,101 56
Gross cash expenditures,
$110,051 22
130
AMERICAN INSURANCE CO.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
,734,278 00 $156,813 40
12,167,990 00 110,817 76
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
,902,268 00 $267,631 16
12,457,341 00 118,6*67 61
,444,927 00 $ 148,963 55
684,492 00 6,298 07
.$15,760,435 00 $142,665 48
Miscellaneous.
Premiums received from reorganization of company,
Losses paid from reorganization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from reorganization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$1,585,666 00
860,180 00
51,315 00
345,000 00
20,000 00
54,550 00
"AMERICAN INSURANCE COMPANY," NEWARK, N. J.
[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.]
Paid-dp Capital, $600,000.
F. H. HARRIS, President. J. H. WORDEN, Secretary.
Detailed Statement of Stocks
United States bonds, . . .
North Hudson County, N. J., R.R. bonds,
United New Jersey R.R. and Canal Co. bonds
Morris & Essex Railroad bonds,
Lehigh Valley Railroad bonds,
Long Dock (Jersey City) bonds,
Newark Gas Company bonds, .
Madison, N. J , township bonds,
New York & Greenwood Lake R'y bonds,
and Bonds.
Par Value.
$100,000 00
100,000 00
100,000 00
100,000 00
110,000 00
125,000 00
60,000 00
35,000 00
75,000 00
Market Value.
$110,000 00
103,000 00
113,000 00
139,000 00
121,000 00
166,250 00
76,800 00
35,437 50
78,375 00
5,000 00 $942,862 50
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $228,834 80
Loans on mortgage of real estate (first liens*), 1,604,520 75
Interest due or accrued thereon, . . . 25,243 20
* Value of lands mortgaged $1,754,570 00
Value of buildings thereon 2,343,465 00
Amount of insurance held as collateral 2,001,975 00
AMERICAN INSURANCE CO.
131
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, . . .
Premiums in course of collection (gross),
Rents due and accrued, ....
American Insurance Co. stock, $70,000 00
Prem's more than three mos. due, . 2,529 97
Gross assets,
$942,862 50
2,973 21
39,957 05
10,535 41
52,745 49
2,459 27
5,910,131 68
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Dividends to policy holders unpaid, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
14,313 91
44,516 48
4,127 06
$52,957 45
1,120 83
$51,836 62
524,636 12
4,497 60
9,312 36
1,620 00
591,902 70
. $2,318,228 98
600,000 00
. $1,718,228 98
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, . . .
Gross cash income, .
$52,537 92
689 58
$51,848 34
717,697 92
$769,546 26
55,275 46
$714,270 80
179,120 76
sources,
$535,150 04
82,805 45
43,702 42
10,717 35
$672,375 26
132
AMERICAN CENTRAL INSURANCE CO.
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
$241,116 99
19,090 34
$222,026 65
61,470 80
104,166 62
49,921 32
27,859 25
26,628 90
$492,073 54
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$108,075,707 00 $1,023,775 53
. 77,670,872 00 717,697 92
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$185,746,579 00 $1,741,473 45
. 68,552,947 00 663,993 10
$117,193,632 00 $1,077,480 35
. 5,713,417 00 52,737 36
$111,480,215 00 $1,024,742 99
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
$10,388,627 00
4,257,654 00
244,973 00
2,165,210 00
60,000 00
46,510 00
"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO.
[Incorporated February, 1853. Commenced business February, 1853.]
Paid-up Capital, $600,000.
GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value .
Commonwealth Realty Co. bonds, . . . $100,000 00 $100,000 00
St. Louis Merchants' Bridge Co. bonds, . . 75,000 00 78,000 00
Union Depot R.R. Co. bonds, .... 75,000 00 83,300 00
St. Clair, Madison & St. L. Belt R.R. Co. bonds, 30,000 00 21,000 00
Laclede Gas Light Co. bonds, .... 52,000 00 52,500 00
St. Louis, C. B. & O. Railway bonds, . . 18,000 00 18,700 00
St. Louis County Park bonds, . . . . 15,000 00 17,500 00
AMERICAN CENTRAL INSURANCE CO.
133
Jerseyville, 111., bonds, .
Mo. Electric Light and Power Co. bonds,
Norborne, Mo., school bonds, .
School Dist. No. 1, Cass Co., 111., bonds,
De Soto, Mo,, city funding bonds, .
National Bank of Com., St. Louis, stock,
Commercial Bank, St. Louis, stock, .
Mechanics' Bank, St. Louis, stock, .
Boatmen's Bank, St. Louis, stock, .
Laclede Gas Light Co. stock, .
United States consols,
St. Louis & San Francisco R.R. bonds,
Peirce City, Mo., funding bonds,
Securities held as collateral for cash loans : -
450 shares Nat'l Bank of Commerce, St. Louis,
300 " American Brake Co., .
500 " Broadway Real Est. Co., St. L., Mo.,
100 " The N'l B'k of Commerce, St. Louis,
Missouri Electric Light and Power Co. bonds,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross)
Gross assets, ....
Deduct special deposits in other States,
Par Value.
$15,000 00
32,000 00
7,000 00
6,000 00
3,500 00
180,000 00
25,000 00
11,100 00
10,000 00
4,800 00
50,000 00
30,000 00
15,000 00
Market Value.
$15,000 00
32,600 00
7,000 00
6,000 00
3,500 00
274,500 00
60,500 00
23,800 00
16,500 00
4,300 00
56,000 00
31,500 00
15,000 00
$754,400 00 $917,200 00
Market Value. Loaned Thereon.
$67,750 00
25,500 00
50,000 00
15,500 00
7,000 00
$45,000 00
37,000 00
6,500 00
5,500 00
Balance, . $1,682,261 90
$165,750 00 $94,000 00
31, 1897.
$500,000 00
37,117 20
917,200 00
94,000 00
20,055 10
88,248 05
81,641 55
$1,738,261 90
. . . 56,000 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$17,842 58
52,727 77
26,125 50
,695 85
13,619 76
,076 09
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$51,500 00
41,000 00
27,200 00
134
AMERICAN CENTRAL INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, . .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
1641,361 42
12,246 23
8,843 70
$745,527 44
2,735 90
$742,791 54
$939,470 36
600,000 00
$339,470 36
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
.,051 04
945,653 42
11,026,704 46
81,641 55
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents,
$945,062 91
182,273 54
Gross cash income,
$762,789 37
52,530 40
21,631 36
,951 13
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
$437,683 02
26,385 40
f411,297 62
60,000 00
122,053 34
71,339 6Q
18,745 94
96,329 96
$779,766 52
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured, .
Net amount in force, .
$110,117,632 00
75,371,350 00
$185,488,982 00
75,665,953 00
$109,823,029 00
4,034,839 00
Premiums.
$1,356,902 85
945,653 42
$2,302,556 27
966,220 17
$1,336,336 10
54,803 01
$105,788,190 00 $1,281,533 09
AMERICAN FIRE INSURANCE CO.
135
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.) ,
Company's stock owned by directors, ....
$18,665,852 00
9,464,256 00
398,279 00
1,286,412 00
60,000 00
92,675 00
"AMERICAN FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 30, 1857. Commenced business May 1, 1857.]
Paid-up Capital, $400,000.
GEO. W. WENSLEY, President. WALTER S. ALLEY, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
State of Georgia bonds, .
City of Brooklyn bonds, .
City of New York school bonds,
City of Richmond bonds, .
Consolidated Traction Co. bonds,
Illinois Central R R. bonds,
St. Louis & Iron Mountains R.R. Co. bonds,
American Exchange National Bank stock,
Mechanics' National Bank stock,
Phenix National Bank stock, .
Metropolitan Trust Co. stock, .
United States Mortgage & Trust Co. stock,
United States Trust Co. stock, .
Western Union Telegraph Co. stock
Standard Gas stock, . .
Baltimore & Ohio R.R. Co. stock,
Chicago, Milwaukee & St. Paul R'y Co. stock
Chicago & Northwestern R'y Co. stock, .
Lake Shore & Mich. Southern R'y Co. stock,
Pennsylvania R.R. stock, ....
Securities held as collateral for cash loans
90 shares Hanover National Bank, .
30 " Union Trust Co.,
Par Value.
$200,000 00
25,000 00
150,000 00
100,000 00
20,000 00
25,000 00
50,000 00
10,000 00
9,000 00
5,000 00
2,000 00
10,000 00
10,100 00
2,500 00
30,000 00
21,600 00
50,000 00
20,000 00
20,000 00
20,000 00
25,000 00
Market Value.
$225,500 00
28,250 00
155,500 00
107,000 00
20,450 00
24,750 00
51,000 00
8,800 00
15,570 00
9,750 00
1,900 00
31,000 00
26,765 00
29,075 00
27,375 00
30,896 00
6,750 00
28,600 00
24,200 00
34,200 00
28,625 00
$805,200 00 $915,956 00
Market Value. Loaned Thereon.
$32,850 00 $20,000 00
30,300 00 15,000 00
$63,150 00 $35,000 00
136
AMERICAN FIRE INSURANCE CO.
Summary of Assets Dec
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Return premiums and reinsurance, .
Prem's more than three mos. due, . $2,987 84
Gross assets, .....
Deduct special deposits in other States, .
Balance, • »••«■
31, 1897.
$14,500 00
120 84
915,956 00
35,000 00
730 84
33,532 68
5,937 33
119,516 22
106 22
-t$l,125,400 13
48,700 00
. $1,076,700 13
Liabilities.
Losses adjusted, unpaid, . .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$31,571 54
23,490 83
4,652 00
159,714 37
16,529 38
5,184 99
335,149 48
2,966 46
20,417 34
7,803 52
2,135 94
$411,657 73
7,155 48
404,502 25
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
. $672,197 88
. 400,000 00
. $272,197 88
* Value of lands mortgaged, $21,500 00
Value of buildings thereon 14,500 00
Amount of insurance held as collateral, ..... 14,500 00
t Including $115,000 special reserve fund held under New York law.
AMERICAN FIRE INSURANCE CO.
137
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, . ...
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
$89,018 90
674,421 08
$763,439 98
122,504 06
$640,935 92
134,937 28
$505,998 64
725 00
33,785 04
Gross cash income, $540,508 68
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance, . . •
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, . . .
$282,548 96
50,082 98
2,465 98
16,000 00
89,932 47
63,248 98
15,464 55
48,279 04
$465,391 02
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . . $92,813,039 00 $920,034 93
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
89,776,420 00 674,421 08
$182,589,459 00 $1,594,456 01
79,916,030 00 794,898 65
$102,673,429 00
16,667,505 00
$799,557 36
167,354 72
Net amount in force,
$86,005,924 00 $632,202 64
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (4 per cent.), .
Company's stock owned by directors, .
$14,091,517 00
7,891,407 00
224,213 00
1,472,000 00
16,000 00
385,300 00
138
AMERICAN FIRE INSURANCE CO.
" AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.]
Paid-up Capital, $500,000.
THOS. H. MONTGOMERY, President. RICHARD MARIS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Steubenville & Indiana R.R. bonds, . . . $21,000 00 $23,100 00
Belt Road and Stock Yard bonds, . . . 20,000 00 24,100 00
Chicago & Western Indiana R.R. bonds, . . 9,000 00 9,900 00
Philadelphia & Reading R.R. bonds, . . 87,000 00 78,790 00
North Pennsylvania R.R. bonds, . . . 26,000 00 31,070 00
Virginia & Tennessee R.R. bonds, . . . 25,000 00 25,500 00
Georgia State bonds, 25,000 00 29,250 00
Huntingdon & Broad Top Mt. R.R. bonds, . * 10,000 00 10,600 00
Huntingdon & Broad Top Mt. R.R. car trust, . 10,000 00 10,125 00
Lehigh Valley R.R. bonds, .... 76,000 00 87,980 00
Mortgage Trust Co , Pa., bonds, . . . 25,000 00 17,500 00
Middlesex Banking Co. bonds, . . 25,000 00 25,000 00
Northern Central R.R. bonds, .... 19,000 00 21,850 00
Northern Pacific R.R. bonds, .... 15,000 00 8,925 00
Penn. & New York Canal and Railroad bonds, 50,000 00 53,500 00
Portland city water bonds, .... 50,000 00 57,500 00
Wheeling & Lake Erie exten. imp. bonds, . 15,000 00 9,000 00
Hughesville water bonds, . . . . 20,000 00 20,000 00
Pitts., Cin., Chic. & St. Louis R.R. bonds, . 30,000 00 33,300 00
Springfield water bonds, 10,000 00 10,000 00
United Electric securities, .... 10,000 00 10,000 00
Terre Haute & Logansport R.R. bonds, . . 25,000 00 18,750 00
Lehighton water bonds, 4,000 00 4,000 00
Camden & Atlantic R.R. bonds, . . . 15,000 00 16,350 00
Pittsburgh, Chartiers & Yough. bonds, . . 20,000 00 19,500 00
Omaha Loan & Trust Co. bonds, . . . 10,000 00 10,000 00
Norfolk & Western car trust bonds, . . 12,000 00 11,640 00
Ashtabula & Pittsburgh R.R. bonds, . . 15,000 00 17,850 00
Seaboard & Roanoake R.R. bonds, . . . 20,000 00 20,500 00
Electric and People's Traction Trust cert's, . 35,000 00 27,300 00
Berwin Water Co. bonds, ..... 10,000 00 10,000 00
Second Avenue Traction Co., Pittsburgh, . 11,000 00 11,990 00
United Traction Co., Pittsburgh, . . . 25,000 00 25,625 00
Glenwood Highway Bridge Co., . . . 10,000 00 11,100 00
North Western Guaranty debentures, . . 29,500 00 11,800 00
20 shares Philadelphia Bourse, . . . 1,000 00 80 00
18 " Phil. & Lancaster Turnpike Co., . 1,800 00 90 00
150 " Northern Pacific R.R., . . . 15,000 00 8,850 00
$837,300 00 $822,415 00
AMERICAN FIRE INSURANCE CO.
139
Securities held as collateral for cash loans : —
Lehigh Coal & Navigation Co. bonds,
40 shares Commonwealth Title & Ins. Co.,
Baltimore & Potomac R.R. bonds,
Easton & Amboy R R. bonds, .
Howard Sub-school district bonds,
Elwoocl School district bonds, .
1,100 shares Reading Co., .
100 " Lehigh Valley R.R.,
140 " American Spirits Manuf'g Co.,
25 " Philadelphia Traction Co., .
100 " North American Co., ,
80 " Lehigh Valley R.R., .
100 " National Lead Co.,
600 " Reading Co., ....
200 " Atchison R.R., . .
90 " Northern Pacific R.R., .
Schuylkill Electric Railway bonds, .
Howard Sub-school district bonds, .
100 shares Choctaw, Okla. & Gulf R.R.,
125 " Union Trust Co., . .
336 " Merchants' Trust Co., .
50 " Union Traction Co.,
1,000 " Reading Co.,
200 " Allegheny Valley,
102 " Welsbach light, .
N. Y. & Middle Coal Field R.R. Co. bonds,
194 shares Black Creek Improvement Co.,
200 " Pennsylvania Steel Co., .
Pennsylvania Steel Co. bonds, .
Texas & Pacific R.R. bonds,
Market Value.
$3,810 00
2,720 00
16,400 00
1,060 00
10,000 00^
2,000 00
12,237 50
2,550 00 }
1,120 00
1,937 50
400 00 J
2,040 00 >!
3,750 00
6,675 00
6,100 00 j>
1,890 00
7,000 00
4,000 00 J
2,750 00^
6,250 00
4,758 00
600 00
13,625 00
2,000 00
4,233 00
2,200 00
3,298 00
2,400 00
1,100 00
5,600 00 J
Loaned Thereon.
12,500 00
1,800 00
10,000 00
25,000 00
25,000 00
} 35,000 00
$134,504 00 $99,300 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
31, 1897.
$305,850 40
1,178,505 93
29,444 35
822,415 00
99,300 00
9,603 04
84,800 02
642 11
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$1,289,185 00
1,405,650 00
968,430 00
140
AMERICAN FIRE INSURANCE CO.
Premiums in course of collection (gross),
Rents due and accrued, . . . .
Gross assets, .
Deduct special deposits in other States, .
Balance,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders, .
Paid-up capital, . . . .
$122,152 85
22,806 52
$2,675,520 22
57,500 00
$2,618,020 22
$17,407 05
90,014 36
12,720 19
927,187 27
567,566 79
18,322 93
3,245 23
51,636,463 82
9,810 22
),804 01
1,642,827 48
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash premiums received, .
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, , .
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, . .
Expenditures.
Cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .
for expenses on real estate,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
.,743,631 49
122,152 85
[,621,478 64
339,867 99
$21,615 45
$18,039 23
1,626,653 60
$991,366 62
500,000 00
$491,366 62
.,281,610 65
63,658 10
40,965 69
16,883 01
9,782 66
L,412,900 11
,702 79
40,000 00
267,558 77
108,300 00
31,430 57
141,350 29
11,532 81
. $1,296,875 23
UNDERWRITERS AT AMERICAN LLOYDS.
141
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Risks and Premiums.
Premiums.
$154,060,160 00 $1,885,050 43
138,399,924 00 1,642,827 48
$292,460,084 00 $3,527,877 91
122,091,374 00 1,569,459 08
$170,368,710 00 $1,958,418 83
11,352,743 00 125,787 58
Net amount in force, .... $159,015,967 00 $1,832,631 25
Perpetual risks in force (not incl'd above) , $23,285,489 00 $620,457 64
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$32,933,760 00
19,371,308 00
694,741 00
2,768,935 00
40,000 00
25,700 00
"UNDERWRITERS AT AMERICAN LLOYDS," NEW YORK.
[Commenced business April, 1890.]
GEORGE A. STANTON, Attorney and Manager.
Detailed Statement of Stocks
United States bonds, .....
New York city stock, ....
Brooklyn city East River Bridge bonds, .
West Shore R.R. bonds, .
Pitts., Cin , Chicago & St. Louis R.R. bonds,
Indiana State bonds,
Massachusetts State bonds,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
and Bonds.
Par Value.
$100,000 00
150,000 00
50,000 00
50,000 00
25,000 00
30,000 00
30,000 00
Market Value.
$114,500 00
150,000 00
54,250 00
54,000 00
25,500 00
30,000 00
33,450 00
$435,000 00 $461,700 00
31, 1897.
$461,700 00
15,845 96
6,194 38
3,623 80
46,252 18
$533,616 32
142
UNDERWRITERS AT AMERICAN LLOYDS.
Liabilities.
Amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, ....
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except subscribers' deposits,
Surplus as regards policy holders, .
Subscribers' deposits paid up, ....
Surplus over subscribers' deposits,
$6,451 00
114,061 18
11,563 04
5,275 13
2,885 04
$140,235 39
$393,380 93
106,000 00
$287,380 93
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources, .
Deposits of new subscribers, .
Gross cash income, .
$47,232 89
294,878 41
. $342,111 30
46,252 18
. $295,859 12
61,297 77
1,000 00
$234,561 35
14,138 30
. $248,699 65
Expenditures.
Cash paid for fire losses,
Interest and dividends to subscribers,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
to retiring subscribers,
Gross cash expenditures, ....
$14,760 50
$115,156 71
30,260 13
77,080 93
2,960 00
2,429 12
1,621 56
$229,508 45
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
rremiums.
,723,788 00 $244,380 30
33,964,151 00 294,878 41
Total,.
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
,687,939 00 $539,258 71
33,435,103 00 302,815 75
$27,252,836 00 $236,442 96
893,486 00 8,318 59
$26,359,350 00 $228,124 37
ARMENIA INSURANCE CO.
143
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
,531,310 00
560,762 00
121,287 00
124,698 00
"ARMENIA INSURANCE COMPANY OF PITTSBURG, PA.,"
PITTSBURG, PA.
[Incorporated March 26, 1872. Commenced business May 15, 1872.]
Paid-up Capital, $250,000.
ALBERT PITCAIRN", President. W. D. McGILL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Westinghouse Machine Co. bonds, . . . $10,000 00
Birm'ham, Knox. & Allent'n Tract. Co. bonds, 15,000 00
10 shares Capital Stock Investors' Co., . . 1,000 00
100 " National Lead stock, . . . 10,000 00
11 " Commercial National Bank, . . 1,100 00
Market Value.
|10,000 00
13,500 00
1,000 00
10,500 00
1,144 00
Securities held as collateral for cash loans : —
5 shares Ben Franklin Insurance Co ,
East Liverpool Bridge Co. bonds, .
100 shares Bank of Secured Savings,
100 " Ben Franklin Ins. Co., .
67 " Basic Brick Co.,
Chartiers Valley Gas Co. bonds,
Loaned on company's own stock, . $5,000 00
$37,100 00 $36,144 00
Market Value,
$300 00
3,000 00
5,000 00
6,000 00
3,350 00
13,500 00
Loaned Thereon.
$190 00
2,500 00
3,000 00
3,000 00
2,100 00
6,800 00
$31,150 00 $17,590 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, etc.,
Gross assets,
31, 1897.
$48,996 67
263,780 00
6,861 51
36,144 00
17,590 00
1,589 86
11,488 45
396 25
31,695 38
661 99
,204 11
* Value of lands mortgaged $517,850 00
Value of buildings thereon, 429,400 00
Amount of insurance held as collateral, .... 249,550 00
144
ARMENIA INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance, . . . .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
,657 49
10,883 63
$21,541 12
200 00
$21,341 12
126,646 98
6,339 07
$25,046 18
211,927 00
$236,973 18
31,695 38
Entire premiums collected, .... $205,277 80
Less reinsurance and return premiums, . . 13,657 26
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, . . . . . . . .
Gross cash income,
Expenditures.
Cash paid for fire losses, $114,498 24
Deduct salvage and reinsurance, . . . 9,434 15
Net cash paid for fire losses, ....
Cash dividends paid, . . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
. $14,338,976 00
. 15,995,233 00
. |30,334,209 00
. 12,565,053 00
$154,327 17
$264,876 94
250,000 00
$14,876 94
$191,620 54
13,013 21
3,400 00
2,435 79
$210,469 54
$105,064 09
10.000 00
52,215 37
6,459 94
2,979 47
11.001 48
$187,720 35
Premiums.
$181,670 11
211,927 00
$393,597 11
160,731 91
. $17,769,156 00 $232,865 20
ASSURANCE COMPANY OF AMERICA. 145
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (4 per cent.), .
Company's stock owned by directors,
$1,691,046 00
867,637 00
113,908 00
352,500 00
10,000 00
110,400 00
" ASSURANCE COMPANY OF AMERICA," NEW YORK, N. Y.
[Incorporated Feb. 25, 1897. Commenced business April 1, 1897.]
Paid-up Capital, $200,000.
ROBERT C. RATHBONE, President. DAN WINSLOW, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds,. ..... 1400,00000 f 453,125 00
Massachusetts State bonds, .... 50,000 00 54,590 09
New York city bonds, ..... 50,000 00 50,000 00
1500,000 00 $557,715 09
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . , . $557,715 09
Cash deposited in bank, . 75,038 48
Interest due and accrued, ..... 4,458 34
Premiums in course of collection (gross), . 73,998 69
Gross assets, ...... ■ |711,210 60
Liabilities.
Losses claimed and reported, .... $28,049 00
Less reinsurance, ...... 438 00
Net amount of unpaid losses, .... $27,611 00
Unearned premiums on outstanding risks, . 198,964 94
Commissions and brokerage, .... 13,500 37
Return premiums and reinsurance, . , . 28,997 45
Gross liabilities, except capital, . . ■ — — 269,073 76
Surplus as regards policy holders, ...... $442,136 84
Paid-up capital, . 200,000 00
Surplus over capital, ..,,.... $242,136 84
146
ASSUKANCE COMPANY OF AMERICA.
Income.
Fire premiums on risks written or renewed,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums on risks written or renewed,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
Gross cash income, ,
|508,619 62
73,998 69
|434,620 93
111,635 43
— $322,985 50
,777 AS
1,471 33
27,306 10
13,467 35
$363,758 95
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash paid for commissions and brokerage,
for salaries of officers,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Fire risks written during 1897,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force,
Marine risks written during 1897, .
Deduct risks expired and terminated,
In force at end of year, . j
$67,012 47
17,550 17
$49,462 30
$12,211 63
38 73
_ — __
12,172 90
.
56,738 10
.
2,670 00
.
2,985 13
.
7,015 65
.
$131,044 08
MS.
Premiums.
$71,575,088 00
$508,619 62
35,132,046 00
159,759 51
$36,443,042 00
$348,860 11
2,657,353 00
24,511 74
$33,785,689 00
$324,348 37
$816,910 00
$28,777 43
71,200 00
2,699 49
$745,710 00
$26,077 94
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Marine and inland losses incurred during the year,
Company's stock owned by divcctogs,
$355,931 00
61,635 00
69,244 00
20,002 00
78,300 00
ATLANTIC MUTUAL INSURANCE CO.
147
"ATLANTIC MUTUAL INSURANCE COMPANY,"
NEW YORK, N. Y.
/
[Incorporated April 11, 1842. Commenced business July 1, 1842.]
A. A. RAVEN", President. JOSEPH H. CHAPMAN, Secretary.
Detailed Statement of Stocks and Bonds.
American Exchange Bank stock,
Bank of America stock, .
Bank of Commerce stock,
Bank of New York stock,
Leather Manufacturers' Bank stock,
Merchants 1 Bank stock, .
Mechanics' Bank stock,
Manhattan Company stock,
Market & Fulton Bank stock,
Phenix Bank stock, .
Atlantic Trust Co stock, .
Consolidated Gas Co. stock,
New York City stock,
Long Island R.R. Co. stock,
United States Mortgage and Trust Co. stock,
N. Y. Central & Hudson River R.R. stock,
N. Y. Central & Hudson River R.R. bonds,
New York, Chicago & St. Louis R.R. bonds,
West Shore R.R. bonds, .
Brooklyn & Montauk R.R. bonds,
Brooklyn city park bonds,
Jersey City water bonds, .
District of Columbia bonds,
United States bonds. .
Securities held as collateral for cash loans : -
Fourth National Bank stock, ....
Consolidated Gas Co. of New York stock,
Chicago & Northwestern Railway stock, .
Chicago, Milwaukee & St. Paul Railway stock,
Delaware, Lackawanna & Western R.R stock,
Illinois Central R R. stock, ....
Reading R R. Co bonds, .....
Union Pacific R R. Co. certificates, .
Chicago, Burlington & Quincy R R. stock,
Par Value.
$90,000 00
50,000 00
64,100 00
94,200 00
25,600 00
70,150 00
47,675 00
18,000 00
30,000 00
73,340 00
151,000 00
50,000 00
791,600 00
50,000 00
6,500 00
660,000 00
234,000 00
200,000 00
200,000 00
75,000 00
122,000 00
100,000 00
400,000 00
4,301,000 00
Market Value.*
$90,000 00
50,000 00
64,100 00
94,200 00
25,600 00
70,150 00
47,675 00
18,000 00
30,000 00
73,340 00
151,000 00
50,000 00
808,660 00
15,000 00
16,545 00
528,000 00
222,825 00
150,000 00
150,000 00
60,000 00
109,800 00
100,000 00
280,000 00
4,126,000 00
$7,904,165 00 |7,330,895 00
Market Value. Loaned Thereon.
f 11,000 00?
22,500 00 \
18,500 00>|
8,000 00 ■
12,500 00
5,000 00 J
9,000 00 n
13,800 00 i
100,000 00 )
$22,000 00
} 35,000 00
100,000 00
* Estimated for the purpose of permanent investment.
148
ATLANTIC MUTUAL INSURANCE CO.
Chicago & Northwestern Railway Co. stock, .
Oregon Railway & Navigation Co. stock,
Chicago, Milwaukee & St. Paul Railway stock,
Northern Pacific R.R. Co. stock,
U. S. Leather Co. stock, ....
American Sugar Retining Co. stock,
Denver & Rio Grande R.R. Co. stock,
Union Pacific R.R. Co. certificates, ,
Market Value. Loaned Thereon.
$24,000 00^
28,000 00
86,000 00
60,000 00
18,900 00
27,000 00
4,500 00
129,950 00 ^
)> $300,000 00
$578,650 00 $457,000 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,*
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule, .
Cash deposited in bank and with Eng, bankers, .
Notes taken for marine and inland risks,
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Return premiums, ....
Incidentals, .....
Gross liabilities, except scrip, .
Surplus as regards policy holders, .
Scrip outstanding, not ordered to be redeemed,
Surplus over scrip, .....
Income.
Marine premiums outstanding Dec. 31, 1896, .
Premiums on risks written or renewed, .
Total, . .
Premiums now in course of collection, „
Entire premiums collected, . . . . $1
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
Income from rents, ......
$760,000 00
7,330,895 00
457,000 00
1,347,924 11
1,026,605 97
$10,922,425 08
|66,308 00
910,827 00
68,000 00
1,238,340 83
200,016 48
43,940 57
153,582 61
19,441 50
2,700,456 99
^8,221,968 09
6,877,370 00
. $1,344,598 09
2,844,038 61
53,687,635 57
1,073,205 64
,614,429 93
333,618 41
Gross cash income,
),811 52
447,509 10
46,536 17
!,774,856 79
* Estimated for the purpose of permanent investment.
BROADWAY INSURANCE CO.
149
Expenditures.
Cash paid for marine and inland losses, . . $1,425,630 20
Deduct salvage and reinsurance, . . . 92,389 43
Net cash paid for marine and inland losses, .
Cash paid for redemption of scrip, .
Interest paid scrip holders, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
Gross cash expenditures, ....
$1,333,240 77
1,358,290 00
443,504 00
16,396 54
367,722 97
38,607 37
f 3,557,761 65
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Risks and Premiums.
Premiums.
$104,612,722 00 $1,047,955 31
425,082,177 00 2,844,038 61
Total,
Deduct risks expired and terminated,
In force at end of year,
$529,694,899 00 $3,891,993 92
399,333,695 00 2,653,653 09
$130,361,204 00 $1,238,340 83
Miscellaneous.
Marine and inland losses incurred during the year (estimated), $1,187,077 71
"BROADWAY INSURANCE COMPANY," NEW YORK, N. Y,
[Incorporated November, 1849. Commenced business December, 1849.]
Paid-up Capital, $200,000.
J. S. FRELING-HUYSEN, President. HILARY R. CHAMBERS, Secretary.
Detailed Statement of Stocks and Bonds.
New York city bonds,
United States bonds, .
Erie Prior Lien, ....
Brooklyn city bridge and water stock,
Brooklyn Union Gas bonds,
Laclede Gas bonds, ....
Chicago, Milwaukee & St. Paul stock,
Chicago & Northwestern R.R. stock,
New York Central & Hudson River R.R stock,
Par Value.
$100,000 00
15,000 00
20,000 00
85,000 00
10,000 00
5,000 00
10,000 00
5,000 00
10,000 00
Market Value.
$100,000 00
17,212 50
18,600 00
90,100 00
11,300 00
5,150 00
14,200 00
6,150 00
10,700 00
$260,000 00 $273,412 50
150
BROADWAY INSURANCE CO.
Summary of Assets Dec.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Due from another company,
Prem's more than three mos. due, . f 3,422 40
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, . ,
disputed or resisted,
Total amount of losses, ....
Less reinsurance, . .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Profits on sale of securities,
Gross cash income, .
31, 1897.
$6,000 00
75 00
273,412 50
-2,347 08
7,536 43
3,112 75
45,378 11
2,681 68
$4,984 92
29,312 22
5,230 00
$39,527 14
39 09
$39,488 05
65,554 12
8,277 45
6,480 58
$30,000 00
12,198 62
$17,801 38
271,388 75
$289,190 13
■ 48,800 51
$240,389 62
70,379 67
other sources, .
$340,543 55
— 119,800 20
$220,743 35
200,000 00
$20,743 35
$170,009 95
150 00
7,692 39
529 75
$178,382 09
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$6,000 00
6,000 00
5,000 00
BUFFALO COMMERCIAL INSURANCE CO.
151
Expenditures.
Cash paid for fire losses, . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
,128 08
9,883 07
,245 01
20,000 00
37,409 96
9,610 26
4,361 69
16,222 75
. $137,849 67
Risks and Premiums.
Fire risks written during 1897,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Premiums.
,413,761 00 $271,388 75
9,106,456 00 93,969 56
. $15,307,305 00 $177,419 19
. 4,338,824 00 48,076 85
.$10,968,481 00 $129,342 34
Miscellaneous.
Premiums received from organization of company, . . $3,500,798 00
Losses paid from organization of company, .... 1,454,402 00
Fire losses incurred during the year, 73,877 00
Cash dividends declared from organization of company, . 1,368,000 00
Dividends declared during the year (10 per cent.), . . 20,000 00
Company's stock owned by directors, 75,025 00
"BUFFALO COMMERCIAL INSURANCE COMPANY,"
BUFFALO, N. Y.
[Incorporated April 15, 1896. Commenced business April 16, 1896.]
Paid-up Capital, $200,000.
PHILIP BECKER, President. GEO. H. HOFHEINS, Secretary.
Detailed Statement of Stocks and Bonds.
New York State bonds, ' .
Buffalo (N. Y.) city bonds,
United States bonds,
Par Value. Market Value.
$100,000 00 $100,000 00
30,000 00 30,000 00
11,300 00 12,430 00
$141,300 00 $142,430 00
152
BUFFALO COMMERCIAL INSURANCE CO.
31, 1897.
$114,050 00
1,299 00
142,430 00
791 24
45,375 54
145 83
10,536 16
631 03
$383 83
6,440 00
57,216 76
2,107 25
48 87
Summary of Assets Dec.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ...»
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets, .....
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital, . . —
Surplus as regards policy holders, ......
Paid-up capital, .........
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1896, . $ 9,520 51
Premiums on risks written or renewed, . . 117,765 76
Total $127,286 27
Premiums now in course of collection, . . 10,536 16
Entire premiums collected, . . . . $116,750 11
Less reinsurance and return premiums, . . 23,009 89
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income, . . . .
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
Gross cash expenditures, ....
$44,379 73
842 70
115,258 80
66,196 71
$249,062 09
200,000 00
$49,062 09
$93,740 22
6,160 03
5,816 59
$105,716 84
$43,537 03
22,008 98
4,996 74
3,721 27
4,524 07
,788 09
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$179,050 00
108,375 00
91,450 00
BUFFALO GERMAN INSURANCE CO.
153
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
15,826,067 00
10,592,021 00
Premiums.
$67,452 17
117,765 76
,418,088 00 $185,217 93
6,646,274 00 78,809 54
9,771,814 00 $106,408 39
378,799 00 3,216 08
,393,015 00 $103,192 31
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$153,232 69
50,817 47
48,497 11
56,000 00
"BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y.
[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.]
Paid-up Capital, $200,000.
PHILIP BECKER, President. OLIVER J. EGGERT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Buffalo city bonds, . $582,500 00
State of New York bonds, .... 45,000 00
Buffalo & Southwestern R R. bonds, . . 36,250 00
Tonawanda Gas Co. bonds, .... 33,000 00
Third National Bank, Buffalo, stock, . . 45,000 00
Buffalo, N. Y., city warrants, .... 10,044 00
Securities held as collateral for cash loans :
German Bank, Buffalo, N. Y., stock,
Milsom Rendering Co., Buffalo, N. Y., stock,
Exchange Elevator Co., Buffalo, N. Y., stock,
German Bank, Buffalo, N. Y., stock,
Buffalo Loan, Trust and Safe Dep. Co. stock,
Union Bank, Buffalo, N. Y., stock, .
Co-operative Brewing Co., Buffalo, stock,
Co-operative Stove Co., Buffalo, stock, .
Co-operative Brewing Co., Buffalo, stock,
German American Bank, Buffalo, stock, .
Union Bank, Buffalo, stock,
Market Value.
$582,500 00
45,000 00
36,250 00
33,000 00
49,500 00
10,044 00
$751,794 00 $756,294 00
Market Value.
$21,000 00 )
5,000 00 S
1,000 00
8,000 00^
6,000 00 j
4,400 00 I
4,500 00
8,700 00 J
3,000 00
2,200 00 )
1,000 00 S
Loaned Thereon.
$10,000 00
700 00
20,000 00
2,000 00
2,700 00
154
BUFFALO GERMAN INSURANCE CO.
Buffalo Southwest R.R. Co. bonds, .
Thomson-Houston Elec. Light & Power Co. b'ds,
Buffalo General Electric Co. bonds, .
Crystal Water Co., Buffalo, stock, .
General Production Co., Pittsburg, Pa., stock, .
International Brewing Co., Buffalo, stock,
Magnus Beck Brewing Co., Buffalo, stock,
Fidelity Trust and Guaranty Co., Buffalo, stock,
German Bank, Buffalo, stock, . . .
Co-operative Brewing Co., Buffalo, stock,
People's Bank of Buffalo, N. Y., stock, .
Niagara Falls Brewing Co. stock, .
Bell Telephone Co. stock, ....
Condersport & Port Allegany R.R. Co. bonds,
Depew and Lancaster Water Works bonds, .
Depew and Lancaster Water Works stock,
Market Value.
$5,775 00 >
3,000 00 |
1,000 00.
3,000 00 j
1,250 00 !
2,090 00 ,
495 00 !
6,000 00 ,
12,000 00 '
625 00
1,100 00
10,800. 00-
7,500 00
5,000 00.
20,000 00
5,000 00
Loaned Thereon.
$8,000 00
2,000 00
2,000 00
4,500 00
1,000 00
> 20,000 00
■ 15,000 00
$ 152,435 00 $87,900 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $310,289 10
Loans on mortgage of real estate (first liens*), 531,210 00
Interest due or accrued thereon, . . . 4,107 75
Stocks and bonds, as per schedule, . . . 756,294 00
Loans on collateral security, as per schedule, . 87,900 00
Cash in the office of the company, . . . 860 77
Cash deposited in bank, 181,783 60
Interest due and accrued, 3,852 92
Premiums in course of collection (gross), . 45,200 24
Notes taken for marine and inland risks, . 4,693 24
Rents due and accrued, 2,329 59
Gross assets,f —
Liabilities.
Losses adjusted, unpaid, $4,453 25
claimed and reported, .... 14,898 59
disputed or resisted, .... 3,109 68
Unearned premiums on outstanding risks, . 311,743 69
Commissions and brokerage, . . . . 8,694 35
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
[,928,521 21
Surplus over capital, .
342,899 56
,585,621 65
200,000 00
.,385,621 65
* Value of lands mortgaged $780,400 00
Value of buildings thereon, ....... 560,27500
Amount of insurance held as collateral, .... 409,275 00
t Including $200,000 special reserve fund held under New York law.
BUFFALO GERMAN INSURANCE CO.
155
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, .
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Income from brokerage, ....
$44,193 50
425,012 84
$469,206 34
45,200 24
$424,006 10
76,842 97
sources,
$347,163 13
29,190 25
36,221 26
20,755 27
2,358 01
$435,697 92
Gross cash income, .......
Expenditures.
Cash paid for fire losses, $ 184,096 43
Deduct salvage and reinsurance, . . . 5,394 69
Net cash paid for fire losses, .... $178,701 74
Cash dividends paid, 50,000 00
Cash paid for commissions and brokerage, .... 74,522 70
for salaries of officers and employees, . . . 29,748 23
for State and local taxes, ..... 6,966 93
for incidentals, . ....... 38,051 66
Gross cash expenditures, $377,991 26
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . . $63,689,492 00 $691,605 69
Fire risks written during 1897, . . . 39,593,119 00 425,012 84
Total,. . . . .
Deduct risks expired and terminated,
In force at end of year, • ,
Deduct amount reinsured,
$103,282,611 00 |1,116,618 53
. 41,386,500 00 467,500 70
11,896,111 00
2,163,905 00
$649,117 83
20,174 32
Net amount in force, .
.$59,732,206 00 $628,943 51
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, ....
J8,942,718 00
4,562,381 00
181,585 00
985,925 00
50,000 00
58,300 00
156
THE CAPITAL FIRE INSURANCE CO.
"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, N. H ,"
CONCORD, N. H.
[Incorporated March 10, 1886. Commenced business March 19, 1886.]
Paid-up Capital, $200,000.
LYMAN JACKMAN, President. CHARLES L.. JACKMAN, Secretary.
Detailed Statement of Stocks
City of Portsmouth, N. H., bonds, .
City of Dover, N. EL, bonds,
City of Concord, N. H., bonds, .
New Hampshire Trust Co. bonds, .
Iowa Loan and Trust Co. bonds,
Muscatine Mortgage and Trust Co. bonds,
City Water Co., Merrill, Wis., bonds,
Clinton, Iowa, Water Works bonds,
Windsor Land & Inv. Co., Denver, Col., bonds,
Central Loan and Deben. Co., Kan. City, bonds,
Winfield Water Co. bonds, . .
Johnson Loan & Trust Co., Ark. City, bonds, .
Grand Forks, Dak., Gas and Electric Co. bonds,
Wichita, Kan., Water Co bonds,
Metropolitan West End R.R. Co. bonds, .
Nebraska Loan and Trust Co. bonds,
City of Kingman, Kansas, Water Co. bonds,
Town of Montrose, Col., bonds,
Denver Consolidated Electric Co. bonds, .
Northern Pacific R.R. bonds, .
60 shares C. & M. R.R., ....
25 " Page Belting Co., Concord, N. II.,
25 " Prescott Piano Co., Concord, N H.,
1 share Amoskeag Manufacturing Co., ..
2 shares Nashua Manufacturing Co.,
2
20
50
12
20
10 '
10 '
West Side Construction Co.,
Pullman Palace Car Co , .
Concord Real Estate Co., .
Northern Pacific R.R. Co.,
Quincy R.R. Bridge Co., .
National Bank of Lebanon, N. H.,
Amory Manufacturing Co.,
and Bonds.
Par Value.
$40,000 00
26,000 00
25,000 00
7,650 00
5,000 Q0
4,250 00
5,000 00
5,000 00
5,000 00
4,000 00
3,000 00
1,905 00
2,500 00
2,000 00
2,000 00
1,000 00
1,000 00
800 00
1,000 00
2,500 00
6,000 00
2,500 00
2,500 00
1,000 00
1,000 00
200 00
2,000 00
5,000 00
1,200 00
2,000 00
1,000 00
1,000 00
Market Value.
$42,860 00
27,430 00
27,000 00
5,355 00
5,000 00
3,400 00
5,000 00
5,000 00
5,000 00
3,200 00
3,000 00
952 50
2,500 00
2,000 00
1,160 00
1,000 00
800 00
800 00
1,000 00
1,518 75
10,500 00
1,875 00
2,500 00
1,475 00
900 00
150 00
3,460 00
5,000 00
730 50
3,400 00
1,250 00
1,440 00
$170,005 00 $176,656 75
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $100,387 03
Loans on mortgage of real estate (first liens*), 111,825 00
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$86,775 00
157,125 00
110,900 00
THE CAPITAL FIRE INSURANCE CO.
157
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, etc.,
Prem's more than three mos. due, . $902 14
Gross assets, ......
$1,893 90
176,656 75
7,319 70
15,390 23
1,058 37
31,308 31
558 10
$416,397 39
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risk
Due and accrued for rent, salaries, etc.,
Due for borrowed money,
Commissions and brokerage, ,
Return premiums, reinsurance, etc.,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1896
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents and incidentals, .
Gross cash income, , . ,
$12,011 59
7,254 24
1,612 35
,878 18
1,526 71
$ 19,351 47
139,588 38
2,541 55
11,000 00
5,090 32
8,292 65
|40,377 57
1,557 82
5,819 75
293,312 52
$332,132 27
31,861 15
$300,271 12
108,696 22
sources, .
185,864 37
|260,533 02
200,000 00
$60,633 02
$191,574 90
4,245 68
6,750 57
7,531 88
$210,103 03
158
CITIZENS INSURANCE CO.
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
for expenses on real estate,
Gross cash expenditures, .
$112,273 82
29,187 59
$83,086 23
8,000 00
48,733 17
7,599 60
5,717 82
6,177 45
1,952 75
$161,267 02
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$20,338,136 00
19,756,876 00
$40,095,012 00
19,834,111 00
120,260,901 00
1,238,983 00
Premiums.
$283,407 37
293,312 52
$576,719 89
288,226 75
$288,493 14
18,584 24
$19,021,918 00 $269,908 90
Miscellaneous.
Premiums received from organization of company, , . $2,129,390 00
Losses paid from organization of company, .... 697,131 00
Fire losses incurred during the year, 93,432 00
Cash dividends declared from organization of company, . 77.614 00
Dividends declared during the year (4 per cent.), . . . 8,000 00
Company's stock owned by directors, 52,900 00
" CITIZENS' INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1836. Commenced business April, 1837.]
Paid-up Capital, $300,000.
EDWARD A. "WALTON, President. FRANK M. PARKER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, .■..,.">.»•.. $150,000 00 $168,750 00
National Bank of Commerce stock, . . . 10,000 00 20,700 00
National Citizens' Bank stock, . 30,000 00 39,000 00
National Bank of Republic stock, . . . 5,000 00 7,900 00
Consolidated Gas Co. stock, . 20,000 00 35,400 00
Union Trust Co. stock, ...... 10,000 00 97,500 00
Oregon Short Line R.R. stock and bonds, . 4,000 00 1,960 00
CITIZENS INSURANCE CO.
159
New York, Chicago & St. Louis R.R. bonds, .
Cleveland, Cin., Chic. & St. Louis R.R. stock,
Union Pacific R.R. stock, .
Securities held as collateral for cash loans
Bleecker Street & Fulton Ferry R.R. stock,
Peoria & Eastern R.R. bonds, .
Texas & Pacific R R. bonds,
Safety Car Heating & Lighting Co. stock,
National Citizens 1 Bank stock, .
N. Y., Susquehanna & Western R.R. stock,
Tenn. Coal & Iron R.R. Co. stock,
Laclede Gas Light Co stock, .
American Cotton Oil Co stock,
St. Louis, Iron Mountain & So. R.R. bonds,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance due on losses paid,
Gross assets, . . .
Deduct special deposits in other States, .
Balance,
Par Value.
$10,000 00
30,000 00
20,000 00
Market Value.
$10,650 00
15,200 00
5,200 00
$289,000 00 $402,260 00
Market Value. Loaned Thereon.
$2,400 00]
3,750 00 I
1,400 00 J
2,000 00 J
4,387 50
10,050 00 )
2,600 00 I
7,820 00 [
2,200 00 J
14,080 00 J
$7,000 00
2,600 00
30,000 00
$50,687 50 $39,600 00
II, 1897.
$100,000 00
21,300 00
106 50
402,260 00
39,600 00
7,465 13
39,804 85
5,485 00
111,346 32
1,298 33
3,241 11
$731,907 24
28,125 00
$703,782 24
Losses adjusted, unpaid, ,
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Liabilities.
$14,212 60
15,339 29
2,382 18
^31,934 07
1,808 47
$30,125 60
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$25,000 00
36,500 00
26,200 00
160
citizens' INSUKANCE CO.
Unearned premiums on outstanding risks, . f 258,533 18
Dividends to stockholders unpaid, . . ■. 329 00
Due and accrued for rent, salaries, etc., . . 700 00
Commissions and brokerage, .... 13,268 34
Return premiums and reinsurance, . . . 1,547 40
Reinsurance disallowed, . . . . . 3,199 93
Gross liabilities, except capital, . . $307,703 45
Deduct liability on special deposits, . . . 402 55
$307,300 90
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
$396,481 34
300,000 00
,481 34
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, .....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
$118,807 07
2,742 86
$116,064 21
535,110 59
$651,174 80
111,346 32
Entire premiums collected, .... $539,828 48
Less reinsurance and return premiums, . , 95,235 84
Net cash fire premiums received, . . „ — — $444,592 64
Interest received on mortgages, ...... 1,331 47
Interest and dividends received from all other sources, . . 17,305 17
Income from rents, 5,576 67
Gross cash income,
|468,805 95
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, , . .
Cash paid for redemption of scrip, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
$295,457 03
37,186 35
$258,270 68
22,345 60
1,906 45
95,819 96
49,224 34
8,409 13
38,451 60
Gross cash expenditures, .
$474,427 76
CITIZENS INSURANCE CO.
161
Fire risks outstanding Dec. 81, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
171,413,754 00 $587,994 44
67,158,723 00 535,110 59
Total, .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, 1
$138,572,477 00 $1,123,105 03
70,741,638 00 573,018 36
17,830,839 00 $550,086 67
5,468,330 00 39,981 26
162,362,509 00 $510,105 41
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year, .
Company's stock owned by directors, ....
$15,945,814 00
8,528,339 00
255,690 00
2,018,768 00
21,989 10
100,020 00
"CITIZENS' INSURANCE COMPANY OF MISSOURI,"
ST. LOUIS, MO.
[Incorporated February, 1837. Commenced business 1837.]
Paid-up Capital, $200,000.
J. B. M. KEHLOR, President. SOL. E. WAGGONER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Venice Elevator Co. bonds, . . . . $32,000 00 $22,400 00
City of Waco, Texas, bonds, .... 36,000 00 38,092 00
Dade County, Mo., bonds, .... 15,000 00 15,770 50
St Louis United Elevator Co. bonds, . . 84,000 00 58,800 00
Henry County, Mo., bonds, .... 67,000 00 69,737 00
Green County, Mo., bonds, .... 13,000 00 13,888 00
Phillips County, Ark., bonds, .... 10,000 00 10,800 00
City of Marshall, 111., bonds, .... 2,800 00 2,880 00
People's Railway Co., St. Louis, bonds, . . 5,000 00 5,350 00
Jackson County, Mo , bonds, . . . . 14,000 00 15,170 00
Schuyler County, Mo., bonds, . . . . 4,500 00 4,727 50
St. Louis & Council Bluffs, O., RR. bonds, . 6,000 00 6,580 00
Jacksonville, 111 , city bonds, .... 19,500 00 20,229 50
Cass. Ave. & Fair Ground Railway bonds, . 25,000 00 26,125 00
American Exchange Bank stock, . . . 21,000 00 32,760 00
City of Dexter bonds, 10,000 00 11,000 00
162
CITIZENS INSURANCE CO.
City of Paris bonds,
City of Holden, Mo., bonds,
Mt. Pleasant Top, Bates County, Mo., bonds,
Par Value.
$7,000 00
5,000 00
20,000 00
Market Value,
$7,455 00
5,112 00
21,200 00
$396,800 00 $388,076 50
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $5,477 00
Loans on mortgage of real estate (first liens*), 266,650 00
Interest due or accrued thereon, . . . 5,046 00
Stock and bonds, as per schedule, . . . 388,076 50
Cash in the office of the company, . . . 2,946 93
Cash deposited in bank, ..... 26,471 52
Premiums in course of collection (gross), . 49,737 51
Gross assets, ......
$744,405 46
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
$14 50
18,204 68
675 00
210,161 11
7,489 93
3,138 24
239,683 46
$504,722 00
200,000 00
$304,722 00
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Entire premiums collected,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, . . . ' .
$37,658 61
3L5,982 73
$353,641 34
49,737 51
$87 49
994 16
sources,
$303,903 83
1,081 65
13,649 76
14,711 48
. $333,346 72
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$372,450 00
314,250 00
271,300 00
THE COLONIAL ASSURANCE CO.
163
Expenditures.
Cash paid for fire losses,
Cash paid for marine and inland losses, . .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, ......
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1897, .
Deduct risks expired and terminated,
. $28,520,972 00
. 25,627,281 00
. $54,148,253 00
. 19,858,073 00
. $34,290,180 00
648,177 00
. |33,642,003 00
. $204,985 00
. $204,985 00
Miscellaneous.
Losses paid from organization of company, . , ,
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent ), .
Company's stock owned by directors, ....
$148,647 36
58 01
12,000 00
72,496 73
19,659 90
9,196 73
17,893 42
$279,952 15
Premiums.
$357,604 00
315,982 73
$673,586 73
268,115 82
$405,470 91
6,419 91
$399,051 00
$994 16
$994 16
$3,609,838 00
149,121 00
58 00
821,798 00
12,000 00
184,800 00
"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated June 16, 1896. Commenced business July 15, 1896.]
Paid-up Capital, $200,000.
LEO H. WISE, President.
E. E. HALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $100,000 00
New York city bonds, 150,000 00
New York State bonds, 100,000 00
Brooklyn city bonds, 25,000 00
Morris & Essex R.R. bonds, .... 25,000 00
Market Value.
$128,500 00
159,235 00
102,000 00
27,000 00
28,000 00
$400,000 00 $444,735 00
164
THE COLONIAL ASSURANCE CO.
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Gross assets, . .
Deduct special deposits in other States, .
Balance,
$444,735 00
9,150 83
23,199 30
3,332 50
71,369 88
$551,787 51
12,850 00
$538,937 51
Liabilities.
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, . .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital;
$34,803 83
5,220 00
$29,583 83
141,965 39
13,025 72
19,267 01
11,521 55
$215,363 50
1,018 33
214,345 17
$324,592 34
200,000 00
$124,592 34
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,. . . . .
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income,
$56,472 00
416,166 31
$472,638 31
71,369 88
$401,268 43
103,400 68
$297,867 75
12,346 02
$310,213 77
Expenditures.
Cash paid for fire losses, . . .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
Gross cash expenditures, ....
$143,104 28
88,660 69
3,258 61
4,982 54
$240,006 12
COMMERCE INSURANCE CO.
165
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $18,127,854 00 $179,320 30
. 44,978,268 00 416,166 31
Total, . . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
1,106,122 00 $595,486 61
. 32,676,225 00 289,731 11
$30,429,897 00 $305,755 50
2,741,517 00 22,730 65
. $27,688,380 00 $283,024 85
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$435,974 00
161,792 00
160,591 00
78,300 00
" COMMERCE INSURANCE COMPANY," ALBANY, N. Y.
[Incorporated June 1, 1859. Commenced^ business June 1, 1859.]
Paid-up Capital, $200,000.
GARRET A. VAN ALLEN, President. E. DARWIN JENISON, Secretary.
Detailed Statement of Stocks
United States bonds, ...
Thomson Pulp & Paper Co. bonds, .
150 shares First National Bank, Albany, N. Y.,
60 '
50 !
50 '
25 '
300 '
Nat'l Exchange B'k, Albany, N. Y.,
National Bank, Cohoes, N. Y.,
South End Bank, Albany, N. Y., ,
Holland Trust Co., New York, ,
Rensselaer & Saratoga RR., . ,
and Bonds.
Par Value.
$100,000 00
10,000 00
15,000 00
6,000 00
5,000 00
5,000 00
2,500 00
30,000 00
Market Value.
$128,000 00
10,000 00
23,250 00
5,400 00
7,000 00
3,000 00
2,000 00
54,000 00
Securities held as collateral for cash loans : —
70 shares First National Bank, Albany, N. Y.,
5 " iEtna Ins. Co., Hartford, Conn.,
$173,500 00 $232,650 00
Market Value. Loaned Thereon.
$10,850 00 $7,000 00
1,370 00 350 00
$12,220 00 $7,350 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $75,000 00
Loans on mortgage of real estate (first liens*), 68,900 00
* Value of lands mortgaged, $63,000 00
Value of buildings thereon 141,400 00
Amount of insurance held as collateral, , . „ «, 77,250 00
166
COMMERCE INSURANCE CO.
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross),
Rents, ,
Gross assets,
$150 00
232,650 00
7,350 00
731 48
16,204 83
8,234 10
979 98
$410,200 39
Liabilities.
Losses adjusted, unpaid, . , . . . $1,500 00
Losses claimed and reported, .... 12,830 00
Unearned premiums on outstanding risks, . 89,429 73
State and local taxes, 108 86
Commissions and brokerage, . . . , 1,214 76
Return premiums and reinsurance, . . . 1,063 15
Reinsurance disallowed, . . . . . 3,581 84
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
109,728 34
$300,472 05
200,000 00
,472 05
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
$8,126 59
145,226 97
Total, ........ $153,353 56
Premiums now in course of collection, . , 8,234 10
Entire premiums collected, .... $145,119 46
Less reinsurance and return premiums, . . 20,670 71
Net cash fire premiums received,
Interest received on mortgages, .....
Interest and dividends received from all other sources, .
Income from rents, .
Gross cash income,
$124,448 75
3,097 11
10,402 84
6,341 05
$144,289 75
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
,343 83
1,520 46
,823 37
16,000 00
26,179 03
11,997 46
7,078 91
7,475 65
$129,554 42
THE COMMERCIAL UNION FIRE INSURANCE CO.
167
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, , . $18,124,020 00 $196,036 65
Fire risks written during 1897, . . . 13,753,133 00 145,226 97
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
^31,877,153 00 $341,263 62
14,600,751 00 156,611 76
$17,276,402 00 $184,651 86
781,109 00 7,482 03
.$16,495,293 00 $177,169 83
Miscellaneous.
Premiums received from organization of company, . . $5,474,085 00
Losses paid from organization of company, .... 3,513,017 00
Fire losses incurred daring the year, 63,943 00
Cash dividends declared from organization of company, . 872,000 00
Dividends declared during the j*ear (8 per cent.), . . . 16,000 00
Company's stock owned by directors, 59,000 00
"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.]
Paid-up Capital, $200,000.
CHARLES SEWALL, President. A. H. WRAY, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
New York city armory bonds, .
New York city water loan,
Par Value.
$20,000 00
200,000 00
13,000 00
Market Value.
$25,700 00
200,000 00
13,845 00
|233,000 00 $239,545 00
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $239,545 00
Cash in the office of the company, ... 5 68
Cash deposited in bank, 9,949 61
Interest due and accrued, 1,247 08
Premiums in course of collection (gross), , 16,832 47
Gross assets, . . . . . .
$267,579 84
168
THE COMMERCIAL UNION FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, . .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, . . .
Reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$1,783 05
1,000 00
30,092 83
1,305 00
280 79
2,871 96
$37,333 63
$230,246 2i
200,000 00
$30,246 21
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
$9,821 43
110,627 55
Total, $120,448 98
Premiums now in course of collection, . . 16,832 47
Entire premiums collected, . ,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
3,616 51
45,845 60
$57,770 91
7,211 49
Gross cash income, $64,982 40
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Gross cash expenditures, ...»
$40,983 30
6,129 19
$34,854 11
6,000 00
12,821 36
1,164 96
2,040 10
1,081 15
$57,961 68
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. . . . . .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $5,602,478 00
. 11,965,801 00
Premiums.
$60,420 88
110,627 55
.$17,568,279 00 $171,048 43
. 8,837,110 00 84,602 16
p8,731,169 00
2,292,256 00
,446 27
27,100 00
1,438,913 00 $59,316 27
THE COMMONWEALTH INSURANCE CO.
169
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors, . ...
$206,961 00
122,086 00
34,720 00
21,000 00
6,000 00
7,500 00
"THE COMMONWEALTH INSURANCE COMPANY OF
NEW YORK," N. Y.
[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.]
Paid-up Capital, $500,000.
CHARLES 8. BARTOW, President. E. J. PERRIN", Secretary pro tern.
Detailed Statement of Stocks
United States bonds, ....
New York city stock and bonds,
Missouri, Kansas & Texas R'y bonds,
American Cotton Oil Co bonds,
200 shares American Telegraph & Cable Co.
125
100
1,500
200
100
100
200
400
100
100
100
100 '
200
117
200
200
50
100
100
150
100
100 '
100
100 '
220 '
50 '
American Surety Co., .
American Sugar Refining Co.,
Brooklyn City R.R. Co.,
Central R.R. Co. of New Jersey, .
Chicago & Alton R.R. Co., .
C. C, C. & St. Louis R.R , .
Chic , Mil. & St. Paul R'y, .
Chicago & Northwestern R'y,
Chic, St. Paul, Minn. & Om'ha R'y,
Canada Southern R'y Co., .
Consolidated Gas Co. of N. Y., .
Delaware, Lack. & Western R'y, .
Delaware & Hudson Canal Co., .
Edison Electric 111. Co., Brooklyn,
Edison Electric 111. Co., New York,
Illinois Central R.R. Co.,
Kas. City, St. Louis & Chic. R.R.,
Pullman's Palace Car Co., .
Manhattan Railway Co.,
Lake Shore & Mich South'n R R.,
Lake Erie & Western R.R , .
N. Y., New Haven & Hart. R R., .
Rome, Watert'n & Ogd'b'gh R.R,,
Toledo & Ohio Central Railway, .
Western Union Telegraph Co., .
Merchants' National Bank, N. Y.,
and Bonds.
Par Value.
$40,000 00
155,000 00
10,000 00
5,000 00
20,000 00
6,250 00
10,000 00
15,000 00
20,000 00
10,000 00
10,000 00
20,000 00
40,000 00
10,000 00
10,000 00
10,000 00
10,000 00
20,000 00
11,700 00
20,000 00
20,000 00
5,000 00
10,000 00
10,000 00
15,000 00
10,000 00
10,000 00
10,000 00
10,000 00
22,000 00
2,500 00
Market Value.
145,300 00
155,400 00
8,525 00
5,337 50
17,000 00
10,312 50
11,000 00
29,250 00
18,600 00
16,000 00
7,500 00
28,000 00
55,600 00
14,500 00
5,162 50
17,200 00
15,200 00
22,000 00
12,285 00
24,200 00
20,200 00
6,818 75
17,000 00
10,800 00
25,425 00
6,800 00
18,000 00
11,500 00
4,500 00
19,360 00
3,625 00
170
THE COMMONWEALTH INSURANCE CO.
25 shares National B'k of Commerce, N. Y.
13
25
50
50
200
50
17
50
Bank of America, New York,
Central National B'k, New York
German American B'k, New York
New York Produce Exchange B'k
N. Y. Cent. & Hudson River R.R.
Corn Exchange Bank, .
Manhattan Company Bank, .
National Park Bank of New York
Par Value.
$2,500 00
1,300 00
2,500 00
3,750 00
5,000 00
20,000 00
5,000 00
850 00
5,000 00
Market Value.
$5,000 00
4,290 00
4,000 00
4,200 00
5,700 00
20,800 00
14,250 00
1,955 00
13,000 00
$623,350 00 $735,596 25
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses reported, .....
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Scrip outstanding, not ordered to be redeemed
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$ 110,000 00
910 43
735,596 25
786 14
29,318 84
3,496 61
24,285 32
$19,893 39
93,232 30
1,200 00
2,579 81
3,249 17
1,016 86
$500,000 00
9,191 00
$28,940 58
209,589 72
$238,530 30
24,285 32
$214,244 98
39,229 96
$904,393 59
121,171 53
$783,222 06
509,191 00
$274,031 06
$175,015 02
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$86,500 00
93,500 00
98,000 00
THE CONCORDIA FIRE INSURANCE CO.
171
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Profits on securities sold, . . . .
Gross cash income, .
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance, . , . •
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
Risks and Premiums.
|48,692 94
3,918 41
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$20,962,627 00
. 24,633,332 00
. $45,595,959 00
. 25,437,087 00
.$20,158,872 00
554,040 00
$8,188 83
29,446 77
584 90
21,3,235 52
,774 53
45,000 00
19,700 54
29,039 00
6,920 79
11,465 70
$156,900 56
Premiums.
$202,598 63
209,589 72
$412,188 35
225,671 97
$186,516 38
3,868 35
.$19,604,832 00 $182,648 03
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, ,
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (9 per cent.), .
Company's stock owned by directors,
^2,171,402 00
1,189,246 00
54,585 00
201,000 00
45,000 00
145,800 00
"THE CONCORDIA FIRE INSURANCE COMPANY OF
MILWAUKEE," MILWAUKEE, WIS.
[Incorporated March 7, 1870. Commenced business March 22, 1870.]
Paid-up Capital, $200,000.
GEO. BRUMDER, President. GUSTAV WOLLAEGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Chicago, 111., sewerage bonds, .... $25,000 00 $25,700 00
Cincinnati sinking fund bonds, . . . 40,000 00 43,800 00
Washington Co., 111., bonds, . . . . 15,000 00 15,862 50
Lincoln, Neb., school bonds, .... 25,000 00 25,687 50
State of Montana Agricultural College bonds, 40,000 00 42,480 00
172
THE CONCORDIA FIRE INSURANCE CO.
Fond du Lac, Wis., bonds,
Sparta, Wis., bonds, ....
Dubuque, Iowa, improvement bonds,
Whiting, Ind., water works bonds, .
Kansas City, Mo., funding bonds, .
Summary of Assets Dec.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, . .
Interest due and accrued, .
Premiums in course of collection (gross),
Prem's more than three mos. due, . f 7,365 15
Gross assets, ,
Par Value.
$30,000 00
3,000 00
30,000 00
10,000 00
11,900 00
Market Value.
$30,570 00
3,000 00
30,390 00
11,215 00
13,506 50
$229,900 00 $242,211 50
31,
1897,
,705 00
6,717 58
242,211 50
6,943 53
36,975 79
4,723 75
83,366 37
$880,643 52
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Commissions and brokerage, return premiums
and reinsurance, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, . . .
Premiums now in course of collection, .
Entire premiums collected, . . ,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$11,741 17
16,898 00
7,400 00
$36,039 17
3,776 29
f32,262 88
407,186 35
20,841 59
$75,956 53
554,892 47
$630,849 00
90,731 52
$540,117 48
125,878 96
460,290 82
$420,352 70
200,000 00
$220,352 70
$414,238 52
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$783,650 00
712,550 00
377,650 00
CONNECTICUT FIRE INSURANCE CO.
173
Interest received on mortgages, ....
Interest and dividends received from all other sources,
$29,425 34
6,918 63
Gross cash income, . . . . . . . f 450,582 49
Expenditures.
Cash paid for fire losses, . . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for miscellaneous, ....
$218,817 13
34,701 42
Gross cash expenditures,
,115 71
18,000 00
95,866 63
29,159 50
12,364 32
45,368 73
$384,874 89
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. f72,580,438 00 $857,273 43
. 46,294,786 00 554,892 47
Total,.
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$118,875,224 00 $1,412,165 90
. 41,548,207 00 526,386 21
. $77,327,017 00
. 9,824,932 00
5,779 69
91,078 07
.$67,502,085 00 $794,701 62
Miscellaneous.
Premiums received from organization of company, . . $5,687,296 00
Losses paid from organization of company, .... 3,089,762 00
Fire losses incurred during the year, . 189,157 00
Cash dividends declared from organization of company, . 247,667 00
Dividends declared during the year (9 per cent.), . , . 18,000 00
Company's stock owned by directors, . . . . 152,100 00
"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD,
CONN.
[Incorporated June, 1850. Commenced business July, 1850.]
Paid-up Capital, $1,000,000.
J. D. BROWNE, President. CHARLES R. BURT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Dominion of Canada, . . „ , $100,000 00 $103,500 00
State of Georgia, . . . . . . 25,000 00 28,750 00
State of Tennessee, . . . . . 25,000 00 22,500 00
Territory of Arizona, ..... 25,000 00 25,625 00
174
CONNECTICUT FIRE INSURANCE CO.
City of Astoria, Ore.,
City of Dallas, Texas,
City of Duluth, Minn., .
City of Fargo, N. D.,
City of Helena, Montana,
City of Middletown, Conn.,
City of New Britain, Conn.,
City of Pawtucket, R. 1., .
City of Portland, Oregon,
City of Richmond, Ya , .
City of Salem, Oregon,
City of Salt Lake, Utah, .
City of Seattle, Washington, .
City of Urbana, Ohio,
Hennepin County and Minneapolis City,
Wayne County, Mich.,
Mankato School District, Minn.,
School District No. 2, Arapahoe County, Col
School District No. 11, El Paso County, Col.,
School District No. 24, Marion County, Ore.,
Black Rocks & Salisbury Beach St. R.R.,
Broadway & Seventh Avenue R.R. Co.,
C, B. & Q. R.R. Co , ...
Cleve , Cin., Chic. & St. L R R., .
Cleve. Electric Railway Co., .
Cin , D. & Ironton R R. Co.,
Cin., Hamilton & Dayton R.R. Co., .
Cleveland & Mahoning Valley R.R.,
Chicago & Western Indiana R R. Co.,
Chicago & Northwestern R.R. Co., .
Chicago, St Louis & New Orleans R.R.,
Detroit, Grand Rapids & Western R.R.,
Dayton & Michigan R.R. Co., .
Fitchburg R.R. Co., ....
Harlem River & Port Chester R.R., .
Lehigh Valley Railway Co.,
Hartford Street Railway Co., .
Housatonic R.R. Co., ....
Indiana, Illinois & Iowa R.R. Co., .
Lynn & Boston Railway Co., .
Manitou & Pike's Peak Railway Co.,
North Chicago Street R.R. Co.,
N. Y., New Haven & Hartford R.R. Co. ctfs.,
New York Central & Hudson River R.R.,
Pennsylvania & New York Canal & R.R. Co
Port Reading R.R. Co., .
Chicago Edison Co., .....
Toledo & Ohio Central R.R. Co., .
Par Value.
$12,000 00
12,000 00
11,473 00
15,000 00
17,000 00
10,000 00
10,000 00
30,000 00
25,000 00
50,000 00
11,000 00
50,000 00
25,000 00
15,000 00
25,000 00
25,000 00
15,000 00
25,000 00
15,000 00
13,000 00
10,000 00
20,000 00
25,900 00
10,000 00
20,000 00
15,000 00
50,000 00
10,000 00
15,000 00
5,000 00
25,000 00
3,500 00
25,000 00
50,000 00
40,000 00
25,000 00
25,000 00
30,000 00
25,000 00
10,000 00
10,000 00
10,000 00
40,000 00
25,000 00
25,000 00
10,000 00
20,000 00
15,000 00
Market Value.
$12,600 00
12,000 00
11,588 00
16,080 00
18,020 00
10,500 00
10,100 00
30,600 00
27,500 00
50,000 00
11,880 00
51,500 00
25,000 00
15,000 00
27,500 00
25,750 00
15,000 00
25,000 00
15,150 00
14,040 00
9,500 00
21,400 00
26,855 00
9,200 00
20,400 00
15,750 00
52,500 00
11,500 00
17,400 00
5,400 00
24,500 00
2,450 00
26,750 00
51,500 00
47,200 00
25,312 00
25,250 00
30,000 00
22,000 00
10,200 00
9,000 00
10,400 00
48,000 00
25,937 00
26,500 00
10,200 00
21,300 00
15,000 00
CONNECTICUT FIRE INSURANCE CO.
175
Waterbury, Conn., Traction Co.,
W. Chicago St. R.R. Co.,
W. Chicago St. R R. Tunnel Co., .
Brooklyn Wharf & Warehouse Co., .
Hartford Electric Light Co , .
Minneapolis Gas Light Co., ....
Northwestern Telegraph Company,
Central Safety Deposit Co., Chicago,
Traders 1 Safe and Trust Co., Chicago,
150 shares Bald Eagle Valley R.R., .
142 " Boston & Albany R.R., . .
440 " Chicago, Burlington & Quincy R.R.,
150 " Chicago & Northwestern R R.,
220 " Chicago, Rock Island & Pacific R R ,
300 " N Y. Central & Hudson River R.R.,
375 " N. Y., N. H. & Hartford R.R.,
300 " Pitts., F. W. & Chicago R.R., .
200 " Empire & B. S. Telegraph Co.,
600 " Northwestern Telegraph Co.,
167 " First National Bank, Minneapolis, .
100 " Importers' & Traders 1 N'l 13% N.Y.,
11 " Second NatU Bank, New Haven, .
100 " iEtna National Bank, Hartford,
93 " Charter Oak Nat'l Bank, Hartford,
125 " Farm. & Mech. N'l Bank, Hartford,
185 " First Nat'l Bank, Hartford, .
300 " Hartford National Bank, Hartford,
100 " Mercantile Nat'l Bank, Hartford, .
412 " Nat'l Exchange Bank, Hartford, .
150 " Phoenix Nat'l Bank, Hartford,
45 " Conn. Trust & S. D. Co., Hartford,
Securities held as collateral for cash loans
Denver Union water bonds,
Lima Lake (111.) Drainage Co. bonds,
Governor's Foot Guards bonds,
Par Value.
$10,000 00
10,000 00
10,0(0 00
75,000 00
10,000 00
25,000 00
15,000 00
25,000 00
10,000 00
7,500 00
14,200 00
44,000 00
15,000 00
22,000 00
30,000 00
37,500 00
30,000 00
20,000 00
30,000 00
16,700 00
10,000 00
1,100 00
10,000 00
9,300 00
12,500 00
18,500 00
30,000 00
5,000 0Q
20,600 00
15,000 00
4,500 00
Market Value.
110,000 00
10,400 00
10,100 00
75,000 00
10,200 00
26,000 00
16,500 00
25,000 00
10,000 00
15,000 00
30,814 00
43,560 00
18,000 00
19,800 00
31,800 00
67,500 00
49,500 00
14,800 00
33,600 00
12,525 00
53,000 00
1,870 00
14,000 00
8,370 00
13,750 00
20,350 00
42,000 00
3,000 00
26,780 00
18,750 00
7,200 00
11,774,273 00 f 1,965,756 00
Market Value. Loaned Thereon,
$1,260 00^
900 00 i $2,000 00
500 00 )
$2,660 00 $2,000 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $209,325 00
Loans on mortgage of real estate (first liens*), 1,090,659 00
Stocks and bonds, as per schedule, . . . 1,965,756 00
* Value of lands mortgaged, . .
Value of buildings thereon, . . .
Amount of insurance held as collateral,
$1,659,180 00
1,544,250 00
1,049,150 00
176
CONNECTICUT FIRE INSURANCE CO.
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross),
Bills receivable not matured, .
Gross assets, .....
Deduct special deposits in other States, .
Balance, ......
$2,000 00
645 04
127,660 69
250,383 07
2,125 75
$3,648,554 55
184,140 00
$3,464,414 55
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Reinsurance and return premiums, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
$133,784 41
13,894 40
$147,678 81
7,354 14
$140,324 67
1,434,729 63
23,927 64
6,041 48
26,562 94
26,130 10
27,130 14
1,684,846 60
56,810 00
1,628,036 60
. $1,836,377 95
. 1,000,000 00
$836,377 95
Income.
Fire premiums outstanding Dec. 31, 1896, . $232,808 74
Premiums on risks written or renewed, . . 1,913,533 42
Total, ......
Premiums now in course of collection,
1,146,342 16
250,383 07
Entire premiums collected, .... $1,895,959 09
Less reinsurance and return premiums, . . 239,300 78
Net cash fire premiums received, . . . - — — — $1,656,658 31
Interest received on mortgages, , 50,510 41
Interest and dividends received from all other sources, . . 90,048 41
Gross'cash income,
l,797,217 13
CONTINENTAL INSURANCE CO.
177
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,-
for State and local taxes,
for miscellaneous, . .
Gross cash expenditures, ....
$831,584 29
28,798 20
$802,786 09
100,000 00
305,790 43
134,760 76
41,991 30
125,539 57
1,510,868 15
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$227,280,789 00 $2,852,658 38
155,122,989 00 1,913,533 42
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$382,403,778 00 $4,766,191 80
145,440,893 00 1,855,379 79
$236,962,885 00 $2,910,812 01
8,297,836 00 99,542 66
$228,665,049 00 $2,811,269 35
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$23,556,420 00
13,289,599 00
801,095 00
2,205,000 00
100,000 00
44,800 00
"CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated November, 1852. Commenced business January, 1853.]
Paid-up Capital, $1,000,000.
F. C. MOORE, President. EDWARD LANNING-, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
250 shares American Exchange Nat'l Bank, $25,000 00 $41,250 00
50 " Bank of America, . . . 5,000 00 15,500 00
1,200 " Mechanics 1 National Bank, . 30,000 00 55,500 00
178
CONTINENTAL INSURANCE CO.
Par Value. Market Value.
250 shares Mercantile National Bank, . $25,000 00 $40,000 00
350 " Merchants' National Bank, . 17,500 00 22,750 00
100 " Nassau Bank, . . . . 5,000 00 7,250 00
382 " Phenix National Bank, . . 7,640 00 6,876 00
49 " Albany & Susquehanna R.R., . 4,900 00 8,575 00
500 " Atlanta & Charlotte Air Line R.R., 50,000 00 47,500 00
200 " Central Trust Co., . . . 20,000 00 200,000 00
1,100 " Chicago, Burl. & Quincy R.R., . 110,000 00 99,000 00
1,500 " Chicago, Mil. & St. Paul Railway, 150,000 00 195,000 00
449 " Chicago & Alton R.R., . . 44,900 00 76,330 00
1,500 " Chic. & Northwestern Railway, . 150,000 00 225,000 00
500 " Chic, Rock Island & Pacific R'y, . 50,000 00 40,000 00
1,000 " Chic, St. Paul., Minn. &Om'ha R'y, 100,000 00 125,000 00
1,000 " Clev.,Cin, Chic & St. Louis R.R., 100,000 00 70,000 00
1,000 " Consolidated Gas Co. of N. Y., . 100,000 00 160,000 00
200 " Delaware & Hudson Canal Co., . 20,000 00 20,000 00
10,000 " Brooklyn City R.R. Co., . . 100,000 00 175,000 00
500 " N. Y., Chicago & St. Louis R'y, 50,000 00 32,500 00
1,500 " Lake Shore & Mich. South'n R'y, 150,000 00 240,000^00
4,161 " New York & Harlem R.R , . 208,050 00 624,150 00
500 " N. Y., New Haven & Hart. R.R., . 50,000 00 85,000 00
1,000 " Pennsylvania R.R. Co., . . 50,000 00 52,500 00
5,000 " Pitts., McKees. & Yough. R.R., . 250,000 00 300,000 00
500 " Rome, Watert'n & Ogd'sb'g R.R., 50,000 00 57,500 00
500 " St. Paul & Duluth R.R., . . 50,000 00 37,500 00
1,000 " St. Paul, Minn. & Manitoba R'y, 100,000 00 110,000 00
2,000 " United N.J. R.R. & Canal Co., . 200,000 00 480,000 00
Cedar Rapids, la. Falls &Northw'n R.R. bonds, 50,000 00 50,000 00
Chicago, Burl. & Quincy R.R. bonds, . . 10,000 00 11,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 50,000 00 55,000 00
Chicago & Northwestern sinking fund bonds, 48,000 00 52,800 00
Chicago, Rock Island & Pacific R.R. bonds, , 100,000 00 100,000 00
Chicago, St. Paul, Minn. & Omaha R'y bonds, 100,000 00 125,000 00
Columbia & Greenville R.R. bonds, . . 50,000 00 50,000 00
Elmira, Cortland & Northern R.R. bonds, . 50,000 00 50,000 00
Erie Railway Co. bonds, ..... 50,000 00 67,500 00
Georgia, Carolina & Northern Railway bonds, 25,000 00 20,000 00
Metropolitan Street Railway Co. bonds, . . 100,000 00 105,000 00
Panama R.R. Co. bonds, 100,000 00 100,000 00
Indiana, Bloomington & Western R.R. bonds, 135,000 00 135,000 00
Kentucky Central Railway Co. bonds, . . 50,000 00 42,500 00
Midland Railroad Co. of New Jersey bonds, . 50,000 00 57,500 00
Milwaukee, Lake Shore & Western R.R. bonds, 100,000 00 125,000 00
Morris & Essex R.R. bonds, . . . . 50,000 00 67,500 00
New York Cen. & Hudson River R.R. bonds, . 50,000 00 52,500 00
New York, Lackawanna & Western R'y bonds, 50,000 00 62,500 00
N. Y., New Haven & Hartford R.R. bonds, . 20,000 00 26,000 00
Raleigh & Augusta Air Line R.R. bonds, . 50,000 00 50,000 00
CONTINENTAL INSURANCE CO.
179
Richmond & Danville R.R. bonds, .
St. Paul, Minn. & Manitoba R.R. bonds,
Western Union Telegraph Co. bonds,
Portland, Oregon, water bonds,
Richmond, Virginia, bonds,
Alabama bonds,
Georgia bonds, .
United States bonds, .
New York city bonds,
Par Value.
$50,000 00
100,000 00
150,000 00
50,000 00
50,000 00
10,000 00
25,000 00
600,000 00
300,000 00
Market Value.
$57,500 00
115,000 00
157,500 00
55,000 00
50,000 00
10,000 00
26,250 00
696,000 00
312,500 00
$4,895,990 00 $6,534,231 00
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liensf),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Bills receivable not matured, .
Rents,
Prem's more than three mos. due, $352,740 69
Gross assets,! ....
Deduct special deposits in other States,
Balance,
31, 1897.*
$1,106,250 00
85,860 00
1,816 25
6,534,231 00
38,688 54
188,583 87
66,881 03
448,158 76
110,296 85
1,230 84
5,581,997 14
131,250 00
1,450,747 14
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
$298,386 63
35,275 00
$333,661 63
17,075 89
$316,585 74
3,666,749 49
28,725 00
6,091 68
* The company holds also instalment premium notes to the amount of $1,470,266.69, which
do not enter into nor form any part of the assets of the company, as no portion of them is earned.
Whatever value is attached to them would necessarily be counterbalanced by the addition of an
amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned pre-
miums."
t Value of lands mortgaged, $120,650 00
Value of buildings thereon, 125,450 00
Amount of insurance held as collateral 111,375 00
X Including $600,000 special reserve fund held under the New York laws.
180
CONTINENTAL INSURANCE CO.
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reserved for contingencies,
Gross liabilities, except capital,
Deduct liability on special deposits,
$1,800 00
15,000 00
129,260 29
300,000 00
L,464,212 20
76,544 55
t,387,667 65
Surplus as regards policy holders,
Paid-up capital,
. $4,063,079 49
. 1,000,000 00
Surplus over capital, $3,063,079 49
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, .
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, .
$498,711 25
3,225 30
$495,485 95
4,150,221 02
14,645,706 97
558,455 61
14,087,251 36
439,166 23
1,648,085 13
5,678 83
287,326 59
23,861 89
Gross cash income, $3,964,952 44
Expenditures.
Cash paid for fire losses, $1,683,211 57
Deduct salvage and reinsurance, . . . 24,298 31
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for redemption of scrip, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
,658,913 26
55,728 21
198,800 00
99 68
740,256 06
325,594 37
70,128 03
213,503 65
Gross cash expenditures,
5,263,023 26
THE DELAWARE INSURANCE CO.
181
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$698,309,163 00
463,225,461 00
1,161,534,624 00
415,971,791 00
$745,562,833 00
4,649,568 00
Premiums.
$7,066,713 86
4,150,221 02
511,216,934 88
3,926,289 29
$7,290,645 59
37,763 17
$740,913,265 00 $7,252,882 42
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
,927,511 00
37,934,786 00
1,704,864 00
5,869,357 00
200,000 00
152,300 00
"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] •
Paid-up Capital, $702,875.
TATTNALL PAULDING, President. HENRY LYLBURN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, 1100,000 00 $114,000 00
Tennessee State bonds, 31,300 00 28,483 00
Georgia State bonds, 25,000 00 26,000 00
Richmond, Va., city bonds, . . . . 37,000 00 38,480 00
Newark, N. J., city bonds, .... 75,000 00 77,250 00
Camden, N. J., city bonds, .... 30,000 00 30,600 00
Springfield, 111., city bonds, . . . . 25,000 00 26,250 00
Allentown Terminal R.R. bonds, . \ . 50,000 00 50,500 00
Lehigh Valley R.R. bonds, . . . . 100,000 00 100,000 00
Penn. & New York Canal and R.R. Co. bonds, 50,000 00 47,500 00
Philadelphia, Wil. & Bait. R.R. certificates, . 30,000 00 32,400 00
Pitts., Youngstown & Ashtabula R.R. bonds, . 40,000 00 44,800 00
Baltimore Belt R.R. bonds, .... 40,000 00 32,000 00
Wilmington & Northern R.R. bonds, . . 25,000 00 25,750 00
Underwriters' Salvage Co. of N. Y. stock, . 500 00 500 00
Brooklyn Wharf & Warehouse Co. bonds, . 20,000 00 19,800 00
St Louis Merchants' Bridge Terminal Co., . 25,000 00 25,750 00
Delano Land Company's bonds, . . . 30,000 00 31,500 00
182
THE DELAWARE INSURANCE CO.
Mortgage Trust Company, Pennsylvania,
Lehigh Valley R.R. bonds,
People's Passenger Railway Co.,
Pittsburgh, Shenango & Lake Erie R.R., .
Baltimore & Ohio R.R. Co. receivers' certs.,
United Traction Co. (Pittsburgh) bonds,
Lynn & Boston R.R. Co. bonds,
Allegheny Valley R.R. Co. bonds, .
Pennsylvania R.R. stock, ....
Philadelphia Bourse stock,
Henry C. Fricke first mortgage bonds, .
Securities held as collateral for cash loans
200 shares Bethlehem Iron Co.,
250 " West Chicago Street R.R. Co.,
140 " North Chicago Street R.R. Co.,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Executors' and trustees' notes, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Gross assets,
Deduct special deposits in other States, .
Par Value. Market Value.
M5.000 00 $10,500 00
25,000 00 25,500 00
30,000 00 31,250 00
25,000 00 26,250 00
25,000 00 25,000 00
20,000 00 20,500 00
20,000 00 20,600 00
50,000 00 51,875 00
25,000 00 28,500 00
1,375 00 455 00
10,000 00 10,300 00
,175 00 $1,002,293 00
Market Value. Loaned Thereon.
$12,000 00
25,375 00
31,920 00
$10,000 00
20,000 00
25,000 00
Balance, $1,570,229 13
|69,295 00 $55,000 00
31, 1897.
$160,000 00
131,200 00
1,932 64
1,002,293 00
55,000 00
25,218 75
298 44
100,984 14
156,212 89
1,569 27
$1,634,709 13
64,480 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
|6,307 00
68,380 00
8,000 00
$82,687 00
8,432 00
$74,255 00
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$258,500 00
133,500 00
104,000 00
THE DELAWARE INSURANCE CO.
183
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Reinsurance, ......
Reinsurance not allowed, ....
Miscellaneous, ......
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents and sundries,
Premiums on perpetual policies,
Deposits received for perpetual fire risks,
Gross cash income, ....
$580,280 45
94,866 88
97 00
15,266 75
7,443 94
19,910 66
478 98
$792,599 66
36,617 00
1,461 97
936,824 23
$1,098,286 20
156,212 89
$942,073 31
222,189 23
sources,
$755,982 66
$814,246 47
702,875 00
$111,371 47
),045 73
$719,884 08
4,682 66
42,808 36
3,395 65
8,155 05
$778,925 80
Expenditures.
Cash paid for fire losses, .
Cash paid for marine losses,
Cash paid for fire and marine losses,
Deduct salvage on fire losses, .
Deduct salvage on marine losses,
Net cash paid for fire, marine and inland losses,
Cash dividends paid, ...
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
$404,372 51
2,830 57
$407,203 08
45,345 51
|361,857 57
5,364 21
$2,594 20
$356,493 36
42,172 50
154,266 82
76,331 59
25,212 06
64,827 71
$719,304 04
184
THE DETROIT FIRE AND MARINE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above) ,
$101,213,976 00
80,787,561 00
$182,001,537 00
72,760,077 00
$109,241,460 00
10,428,899 00
,812,561 00
,839,650 00
Premiums.
$1,188,096 44
936,824 23
52,124,920 67
867,641 45
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
11,257,279 22
126,665 56
11,130,613 66
$103,455 68
531,955,537 00
18,973,975 00
367,258 00
2,613,418 00
42,172 50
63,350 00
"THE DETROIT FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated Feb. 1, 1866. Commenced business March 14, 1566.]
Paid-up Capital, $500,000.
WILLIAM A. MOORE, President. C. L. ANDREWS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, ..... $40,000 00
Ft. Wayne & Belle Isle R.R. bonds, . . 28,000 00
School Dist. bonds, Springwells, Mich., . . 6,000 00
Market Value.
$45,600 00
28,000 00
6,000 00
Securities held as collateral for cash loans : —
Mortgage assigned, . . . . . .
Peopled Savings Bank stock, ....
$74,000 00 $79,600 00
Market Value. Loaned Thereon.
$2,000 00 $500 00
3,000 00
3,000 00
$5,000 00 $3,500 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $181,809 07
Loans on mortgage of real estate (first liens*), 918,978 83
* Value of lands mortgaged, $1,282,792 00
Value of buildings thereon 1,104,550 00
Amount of insurance held as collateral 673,548 00
THE DETROIT FIRE AND MARINE INSURANCE CO.
185
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Due for reinsurance on losses paid, .
Prem's more than three mos. due, . $5,566 61
Gross assets,
$42,369 59
79,600 00
3,500 00
9,000 01
50,025 55
1,216 86
26,658 84
2,728 09
2,973 75
$1,318,860 59
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
$2,679 78
24,254 93
157,178 40
3,687 74
2,034 03
189,834 88
. $1,129,025 71
500,000 00
. $629,025 71
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Gross cash income, .
$35,509 21
223,590 29
$259,099 50
30,551 89
$228,547 61
44,110 95
$2,498 42
42,489 32
$44,987 74
4,401 65
$40,586 09
6,931 13
sources, .
$184,436 66
33,654 96
55,802 39
10,934 72
1,574 92
$286,403 65
186
THE DETROIT FIRE AND MARINE INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
$81,532 06
6,941 30
$74,590 76
$20,104 07
2,157 02
17,947 05
50,000 00
•
27,812 90
25,611 83
21,831 32
18,913 39
. . .
$236,707 25
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
I
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
In force at end of year,
$27,701,804 00
21,131,882 00
$48,833,686 00
22,093,666 00
$26,740,020 00
785,600 00
Premiums.
$317,737 44
223,590 29
$541,327 73
246,488 25
$294,839 48
5,450 87
$25,954,420 00 $289,388 61
$375,575 00
2,697,386 00
^3,072,961 00
2,410,136 00
$16,434 74
42,489 32
$58,924 06
34,309 44
$662,825 00 $24,614 62
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
^6,685,173 00
3,450,966 00
84,197 00
26,012 00
866,000 00
50,000 00
122,600 00
EASTERN INSURANCE CO.
187
"EASTERN INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated March 24, 1896. Commenced business April 22, 1896.]
Paid-up Capital, $200,000.
VERNON C. BROWN, President. JAMES MARSHALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$90,000 00
50,000 00
25,000 00
10,000 00
125,000 00
10,000 00
New York city bonds,
West Shore Railroad Co. bonds,
Equitable Gas Light Co., N. Y., bonds,
Pennsylvania Co. bonds, .
United States bonds,
Manhattan Railway Co. bonds,
Market Value.
$96,075 00
54,375 00
29,000 00
11,150 00
158,950 00
9,500 00
110,000 00 $359,050 00
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash deposited in bank, . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, . $473 54
Gross assets, . . . .
$72,000 00
906 67
359,050 00
27,198 18
1,200 00
64,934 81
- — $525,289 66
Liabilities.
Losses claimed and reported, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance,
Reinsurance not allowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$23,456 73
535 13
$22,921 60
114,436 28
15,302 00
7,500 10
3,261 04
50 00
163,471 02
31,818 64
200,000 00
$161,818 64
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$81,000 00
44,000 00
40,000 00
188
EASTERN INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, ....
$27,566 09
334,321 90
$361,887 99
64,934 81
.953 18
83,235 29
sources,
$213,717 89
2,901 92
10,254 00
$226,873 81
Expenditures,
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for State and local taxes,
for rent,
for auditing, ....
Gross cash expenditures, .
$67,713 77
14,199 16
$53,514 61
10,000 00
69,942 91
3,315 55
750 00
195 00
. $137,718 07
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $13,751,120 00 $109,211 43
. 40,932,978 00 334,321 90
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, . .
. $54,684,098 00 $443,533 33
. 21,509,131 00 202,618 08
.$33,174,967 00 $240,915 25
. 3,172,459 00 21,280 42
.$30,002,508 00 $219,634 83
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, ....
$299,014 00
62,774 00
84,142 00
10,000 00
10,000 00
85,500 00
EMPIRE CITY FIRE INSURANCE CO.
189
"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N.Y.
[Incorporated October, 1850. Commenced business October 5, 1850.]
Paid-up Capital, $200,000.
LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds,
New York city bonds, . .
Lake Shore & Michigan Southern R'y bonds, .
American Exchange National Bank stock,
Underwriters' Salvage Co., .
Par Value.
$205,000 00
40,000 00
10,000 00
5,000 00
500 00
Market Value.
$230,500 00
40,000 00
10,280 00
8,737 50
f260,500 00 $289,517 50
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
. Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, . . \
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$5,500 00
137 50
289,517 50
280 51
17,903 98
2,150 00
10,091 68
$10,050 00
38,660 90
1,513 75
31 00
$11,658 87
77,346 00
,004 87
10,091 68
,913 19
16,530 83
325,581 17
50,255 65
$275,325 52
200,000 00
$75,325 52
$62,382 36
* Value of lands mortgaged, $5,000 00
Value of buildings thereon 10,000 00
Amount of insurance held as collateral, 5,000 00
190
EQUITABLE FIRE AND MARINE INSURANCE CO.
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from all other sources,
Gross cash income,
Expenditures.
Cash paid for fire losses, ...
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures,
|275 00
10,558 49
215 00
$73,430 85
132,739 08
12,000 00
10,557 36
11,617 50
383 21
6,071 22
$73,368 37
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
.$11,458,230 00 $104,956 35
. 9,081,511 00 77,346 00
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
,539,741 00 $182,302 35
11,196,642 00 102,195 30
1,343,099 00
140,078 00
,107 05
704 92
>,203,021 00 $79,402 13
Miscellaneous.
Premiums received from organization of company, . . $3,389,747 00
Losses paid from organization of company, .... 1,590,513 00
Fire losses incurred during the 3 7 ear, 30,992 00
Cash dividends declared from organization of company, *. 891,000 00
Dividends declared during the year (6 per cent.), . . . 12,000 00
Company's stock owned by directors, . . . . . 46,700 00
"EQUITABLE FIRE AND MARINE INSURANCE COMPANY, 1 '
PROVIDENCE, R. I.
[Incorporated May, 1859. Commenced business September, I860.]
Paid-up Capital, $300,000.
FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
500 shares Old National Bank, Providence, . 850,000 00 $53,500 00
340 " Nat'l Bank of Commerce, Prov., . 17,000 00 13,600 00
200 " American National Bank, Prov., . 10,000 00 8,500 00
100 " Fourth National Bank, Providence, 10,000 00 11,300 00
100 " First National Bank, Warren, . 10,000 00 8,700 00
EQUITABLE FIRE AND MARINE INSURANCE CO.
191
18 shares Third National Bank, Providence,
200 " N. Y. Central & Hud. River R.R.,
200 " Illinois Central R.R.,
100 " Chicago, Rock Island & Pacific R.R
107 " Chicago, Burl. & Quincy R.R.,
100 " Michigan Central R.R., .
50 " Rhode Island & Massachusetts R.R,
50 " Wells, Fargo & Co. Express, .
500 " Providence Gas Co.,
United States bonds, . . .
Boston city bonds, .....
Union Pacific R.R. bonds,
Pawtuxet Valley R.R. bonds, .
Central Park, North & East River R.R. bonds
Lehigh Valley R.R. bonds,
New York, Providence & Boston R.R. bonds,
Bridgeport Traction Co. bonds,
Milwaukee City R.R. bonds, .
National Water Works bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Par Value.
$1,800 00
20,000 00
20,000 00
10,000 00
10,700 00
10,000 00
5,000 00
5,000 00
25,000 00
50,000 00
25,000 00
18,000 00
22,000 00
15,000 00
10,000 00
2,000 00
5,000 00
5,000 00
6,010 00
3,000 00
Market Value.
f 900 00
21,450 00
20,800 00
9,075 00
10,646 50
10,000 00
5,000 00
5,750 00
43,500 00
56,500 00
27,500 00
18,540 00
23,430 00
16,950 00
11,050 00
2,060 00
5,150 00
5,200 00
4,000 00
3,400 00
$365,510 00 $396,501 50
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $124,000 00
Loans on mortgage of real estate (first liens*), 143,950 00
Stocks and bonds, as per schedule, . . . 396,501 50
Cash in the office of the company, . . . 91 99
Cash deposited in bank, 21,559 02
Premiums in course of collection (gross), . 49,296 71
Rents due and accrued, 1,485 00
Prem's more than three mos. due, . $181 53
Gross assets,f
$736,884 22
Liabilities.
Losses adjusted, unpaid, $7,211 00
claimed and reported, .... 10,959 00
disputed or resisted, .... 1,828 00
Unearned premiums on outstanding risks, . 215,098 77
Due and accrued for rent, salaries, etc., . . 1,500 00
State and local taxes, 1,500 00
Commissions and brokerage, .... 5,000 00
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$173,800 00
242,600 00
186,850 00
t Including $60,000 special reserve fund held under Rhode Island laws.
192
EQUITABLE FIRE AND MARINE INSURANCE CO.
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
^1,437 08
1,453 52
$245,987 37
. $490,896 85
300,000 00
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for betterment and repairs,
for all other expenditures,
Gross cash expenditures, .
$190,896 85
$38,829 11
348,341 52
$387,170 63
49,163 10
$338,007 53
61,859 08
$131 78
1,751 64
$1,883 42
133 61
$1,749
50
81
70
$276,148 45
1,699 11
.
8,199 04
sources, .
17,245 15
.
7,054 00
.
$310,345 75
$136,548 66
3,084 66
$133,464 00
$311 60
9 37
309 9%
18,000 00
56,249 09
}S, .
26,692 84
9,495 66
5,349 95
21,443 46
$270,997 2a
THE ERIE FIRE INSURANCE CO.
193
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year; .
Deduct amount reinsured,
Net amount in force,
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
In force at end of year, .
$36,260,966 00
30,014,757 00
166,275,723 00
28,155,110 00
$38,120,613 00
1,821,250 00
Premiums.
$421,345 25
348,341 52
$769,686 77
334,893 41
$434,793 36
20,718 61
$36,299,363 00 $414,074 75
$23,061 00
249,485 00
$272,546 00
237,110 00
$35,436 00
$733 19
1,751 64
>2,484 83
1,652 58
$832 25
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$5,862,958 00
3,679,286 00
133,577 00
302 00
596,000 00
18,000 00
78,850 00
" THE ERIE FIRE INSURANCE COMPANY," BUFFALO, N. Y.
[Incorporated March 14, 1874. Commenced business March 18, 1874.]
Paid-up Capital, $200,000.
MATHIA8 ROHR, President. JOSEPH M. KERTZ, Secretary.
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $571,129 00
Interest due or accrued thereon, . . . 9,854 63
Cash in the office of the company, . . . 888 29
Cash deposited in bank, ..... 80,568 34
Premiums in course of collection (gross), . 40,215 82
Due for reinsurance, 163 12
Prem's more than three mos. due, . $1,757 85
Gross assets, $702,819 20
* Value of lands mortgaged
Value of buildings thereon, .•
Amount of insurance held as collateral,
$915,460 00
724,750 00
623,975 00
194
THE ERIE FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Eeturn premiums and reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, ,
Paid-up capital,
risks,
$5,167 73
15,779 59
947 32
1,849 00
$19,098 32
133,146 89
1,270 75
5,772 89
Surplus over capital, .
$ 159,288 85
$543,530 35
200,000 00
$343,530 35
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, . . .' .
Net collected, ....
Premiums on risks written or renewed,
Total, . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents and incidentals, .
Gross cash income, .
1,619 58
62 00
$3,557 58
243,296 54
$246,854 12
40,215 82
$206,638 30
50,934 15
sources,
$155,704 15
28,134 82
2,396 03
356 00
$186,591 00
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
$22,960 60
1,531 47
$21,429 13
43,917 54
13,491 89
2,241 88
15,298 20
Gross cash expenditures,
,378 64
THE FARMERS FIRE INSURANCE CO.
195
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$11,109,710 00
. 18,478,275 00
. $29,587,985 00
. 4,343,890 00
. $25,244,095 00
. 1,052,963 00
Premiums.
$44,490 84
243,296 54
$287,787 38
48,598 80
$239,188 58
11,425 17
.$24,191,132 00 $227,763 41
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$798,913 00
230,601 00
40,087 00
49,800 00
"THE FARMERS 1 FIRE INSURANCE COMPANY," YORK, PA.,
[Incorporated April 6, 1853. Commenced business May 16, 1853.]
WM. H. MILLER, President. D. STRICKLER, Secretary
Detailed Statement of Stocks and Bonds.
Par Value
N. C. R. W. R.R. bonds, ....
Pennsylvania R.R. bonds,
Philadelphia & Erie R.R. bonds,
Shamokin, Sunbury & Lewisburg R.R, bonds
United States bonds,
Lehigh Valley R.R. bonds,
Potomac Valley R.R. bonds,
Lehigh Valley Coal Co. bonds,
Spring Garden school bonds, .
Central Market House Co. bonds, .
12 shares Farmers' National Bank,
50 " York Co. National Bank,
90 " First National Bank, .
615 " York National Bank, .
200 " Pennsylvania R.R. Co.,
1,461 " York Water Co., .
Securities held as collateral for cash loans : —
Mortgage bond on land (York, Pa.),
131 shares First National Bank, York, Pa.,
8 " Wrightsville National Bank, .
10 " Pennsylvania R.R. Co., ...
$26,000 00
20,000 00
15,000 00
10,000 00
75,000 00
25,000 00
10,000 00
10,000 00
5,500 00
10,000 00
1,200 00
1,000 00
9,000 00
15,375 00
10,000 00
36,525 00
Market Value.
$27,880 00
25,400 00
18,000 00
10,500 00
84,187 50
25,000 00
9,350 00
9,850 00
5,500 00
10,000 00
1,680 00
1,675 00
15,030 00
19,987 50
11,450 00
73,050 00
$279,600 00 $348,540 00
Market Value.
$2,000 00
21,877 00
1,064 00
572 50
Loaned Thereon.
$1,000 00
18,000 00
1,300 00
$25,513 50 $20,300 00
196
THE FARMERS' FIRE INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, . $3,569 45
Gross assets,
31, 1897.
$46,300 00
207,310 00
5,034 28
348,540 00
20,300 00
1,588 44
52,750 02
329 40
52,829 78
27 50
$735,009 42
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
State and local taxes,
Commissions and brokerage,
Bills payable, .
Reinsurance disallowed, .
Gross liabilities, .
Surplus as regards policy holders,
$7,965 87
27,530 00
3,850 00
340,992 68
4,077 92
3,500 00
10,565 95
686 66
5Q 98
399,226 06
. $335,783 36
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, . ...
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents and incidentals, .
Gross cash income, ....
$41,526 68
438,950 11
$480,476 79
52,829 78
$427,647 01
54,370 12
sources,
$373,276 89
11,239 22
15,799 59
2,694 99
$403,010 69
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$277,190 00
292,035 00
91,977 00
FARRAGUT FIRE INSURANCE CO.
197
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, . . '
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
:19,800 55
5,382 93
$42 75
|214,417 62
80,381 80
28,685 48
9,307 07
29,089 10
. $361,881 07
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$49,841,005 00 $614,575 86
. 37,292,534 00 438,950 11
Total, ......
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incl'd above),
$87,133,539 00 $1,053,525 97
31,199,850 00 390,107 46
$55,933,689 00 $663,418 51
374,589 00 4,188 18
$55,559,100 00 $659,230 33
. $145,025 00 $4,292 54
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
58,465,594 00
5,678,692 00
228,766 00
"FARRAGUT FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.]
Paid-up Capital, $200,000.
JOHN E. LEFFING-WELL, President. SAMUEL DARBEE, Secretary.
Detailed Statement of Stocks and Bonds.
New York city bonds, ....
United States bonds, ....
New York, Ontario & Western R,R. bonds,
Brooklyn Union Gas Co. bonds,
Par Value.
115,000 00
5,000 00
11,000 00
6,000 00
Market Value.
$125,350 00
6,400 00
11,880 00
6,720 00
198
FARRAGUT FIRE INSURANCE CO.
100 shares Fourth National Bank, .
97 " New York Produce Exchange B'k,
60 " Clinton Bank, . .
250 " Long Island Loan & Trust Co.,
100 " Rome, Watert'n & Ogdensb'g R.R.,
150 " Chic, Milwaukee & St. Paul R.R., .
Par Value,
$10,000 00
9,700 00
6,000 00
25,000 00
10,000 00
15,000 00
Market Value.
$19,500 00
11,640 00
5,400 00
57,500 00
12,175 00
21,375 00
|212,700 00 $277,940 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $5,000 00
Loans on mortgage of real estate (first liens*), 15,150 00
Interest due or accrued thereon, . . . 229 18
Stocks and bonds, as per schedule, . . . 277,940 00
Cash in the office of the company, . . . 1,271 19
Cash deposited in bank, 13,047 40
Premiums in course of collection (gross), . 23,569 17
Rents due and accrued, 297 42
Prem's more than three mos. due, . $590 49
Gross assets,
$336,504 36
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses, .
Less reinsurance, ■ .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Reinsurance, ......
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$473 75
13,190 14
$13,663 89
662 09
$13,001 80
60,602 39
250 00
600 00
2,953 35
239 40
.9,645 12
87,292 06
$249,212 30
200,000 00
,212 30
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$18,000 00
12,000 00
12,000 00
FARRAGUT FIRE INSURANCE CO.
199
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, .
Gross cash income, .
,393 53
620 60
1,772 93
170,954 23
$190,727 16
24,159 66
$166,567 50
49,374 84
other sources, .
$117,192 66
806 45
9,146 73
230 52
$127,376 36
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, .
$71,617 64
16,469 90
$55,147 74
12,000 00
20,330 43
17,482 00
2,864 58
11,470 69
$119,295 44
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
.$15,215,707 00 $153,784 52
. 15,676,331 00 170,954 23
Total,. . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, . . .
. $30,892,038 00 $324,738 75
. 14,666,583 00 158,260 45
,225,455 00 $166,478 30
6,036,577 00 46,340 38
,188,878 00 $120,137 92
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of companj',
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, . . . • .
$3,813,609 00
1,886,966 00
62,188 00
540,000 00
12,000 00
72,450 00
200
FIRE ASSOCIATION OF PHILADELPHIA.
"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.]
Paid-up Capital, $500,000.
E. C. IRVIN, President. BENJAMIN T. HERKNESS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
City of Camden bonds, . , . . $1,500 00 $1,770 00
City of Richmond certificates, .... 25,000 00 29,125 00
City of Cincinnati bonds, .... 125,000 00 145,312 50
City of Tacoma water and light bonds, . . 40,000 00 42,000 00
City of Portland, Or., new city hall gold bonds, 15,000 00 17,625 00
City of Richmond certificates, .... 65,600 00 67,240 00
City of Petersburg, Va., bonds, . . . 50,000 00 58,250 00
Atlantic City, N. J., city water works bonds, . 25,000 00 29,125 00
State of Georgia bonds, 25,000 00 26,500 00
Northern Central R.R. Co. bonds, . . . 168,000 00 188,160 00
Catawissa R.R. Co. bonds, ...... 10,000 00 10,850 00
Lehigh Valley R.R. bonds, .... 132,000 00 158,720 00
Shamokin Valley & Pottsville R.R. bonds, . 20,000 00 22,000 00
Philadelphia & Erie R.R. bonds, . . . 100,000 00 118,500 00
Belt R.R. and Stock Yards bonds, . . . 50,000 00 58,500 00
City of Duluth water and light bonds, . . 50,000 00 55,500 00
Louisville & Nashville R.R. bonds, . . . 78,000 00 91,260 00
Texas & Pacific R.R. bonds, .... 13,000 00 14,105 00
Camden & Atlantic R.R. bonds, . . . 30,000 00 32,100 00
Pennsylvania R.R. bonds, . . . . 108,000 00 135,480 00
Cincinnati, Hamilton & Dayton R.R. bonds, % . 20,000 00 22,220 00
Cincinnati, Dayton & Ironton R.R. bonds, \ 25,000 00 27,750 00
Chicago, Rock Island & Pacific R.R. bonds, . 25,000 00 26,875 00
Northern Pacific R.R. bonds, .... 34,000 00 32,300 00
Reading Co. bonds, . . . . . 20,000 00 17,200 00
Central Car Trust Company bonds, . . 10,000 00 10,000 00
Ohio River R.R. Co. bonds, .... 25,000 00 25,750 00
Centralia & Chester R.R. bonds, . . . 50,000 00 37,500 00
Chicago & Erie R.R. Co. bonds, . . . 35,000 00 39,200 00
Lynn & Boston R.R. Co. bonds, . . . 50,000 00 52,500 00
Lehigh Valley Coal Co. bonds, . . . 15,000 00 14,775 00
Port of Portland, Oregon, bonds, ... 39,000 00 45,825 00
Pennsylvania & New York Canal bonds, . 1,000 00 1,200 00
Lehigh Coal & Navigation Co. bonds, . . 100,000 00 128,000 00
Evansville & Terre Haute R.R. bonds, . . 50,000 00 37,500 00
Newark Passenger Railway Co. bonds, . . 22,000 00 24,200 00
Lehigh Valley R.R. bonds, ... . 75,000 00 76,500 00
Terminal R.R, Association, St. Louis, bonds, . 75,000 00 81,375 00
Philadelphia City Passenger Railway bonds, . 50,000 00 55,000 00
FIKE ASSOCIATION OF PHILADELPHIA.
201
Allentown & Bethlehem Rap. Tran. Co. bonds,
Cleveland Electric R.R. Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
Seaboard Air Line equipment bonds,
Toledo Electric Street Railway bonds,
Central of Georgia Railway Co. bonds,
United Traction Co. of Pittsburgh bonds
Fairmount Park Trans. Co. bonds, .
Edison Electric Light Co. certificates,
675 shares Philadelphia Traction Co.,
1,230 " Pennsylvania R.R. Co. stock,
331 " Phila., Germant'n & Norrist'n R.R
70 " Chestnut Hill R.R. Co. stock,
35 " Philadelphia Bourse, .
5 " Underwriters 1 Salvage Co., .
125 " Centralia & Chester R.R. Co.,
220 " company's own stock, $79,200 00
Securities held as collateral for cash loans
Portland University bonds,
Equitable Life Insurance Society policies,
Trust deed for property in Cook County, 111.,
Ohio River Railroad bonds,
Fort Worth & Rio Grande bonds,
100 shares Flat Top Coal & Land Association
100 " Norfolk & Western R.R.,
Mortgages assigned, ....
50 shares Catawissa Railroad Co., .
333 " Merchants 1 National Bank,
250 " Camden Iron Works,
37 " United New Jersey Railroad,
100 " Diamond State Iron Co., .
176 " Pennsylvania Railroad Co.,
Pennsylvania Railroad bonds, .
North Penn. Railroad bonds, .
Ground rents,
Norfolk & Western R.R. bonds,
100 shares Western Gas Co , .
Columbus Street Railway Co., bonds,
100 shares Flat Top Coal & Land Association,
Electric and People's Traction Co. certificates,
449 shares Union Traction Co.,
Reading Traction Co bonds, . .
Richmond Electric R R. bonds,
Loaned on company's own stock, . $2,550 00
Par Value.
$56,000 00
30,000 00
50,000 00
25,000 00
30,000 00
50,000 00
25,000 00
47,000 00
13,000 00
33,750 00
61,500 00
16,550 00
3,500 00
1,375 00
500 00
12,500 00
Market Value.
$61,600 00
31,500 00
52,500 00
25,000 00
31,500 00
45,750 00
25,000 00
49,350 00
13,780 00
52,903 12
70,417 50
44,685 00
4,200 00
455 00
500 00
$2,307,775 00 $2,566,933 12
Market Value.
$14,560 00
8,040 00 I
25,000 00 \
850 00 ^
2,800 00
5,700 00
4,700 00 J
3,000 00
2,625 00
31,635 00 ^
25,000 00
9,250 00
10,000 00 j>
10,076 00
2,600 00
1,160 00 j
33,000 00
3,950 00 "1
9,000 00 (
1,900 00 f
5,700 00 J
23,700 00-)
5,500 00 <
11,220 00 J
15,000 00
Loaned Thereon.
$10,000 00
10,000 00
10,000 00
3,000 00
1,200 00
75,000 00
20,000 00
15,000 00
30,000 00
12,000 00
$265,966 00 $186,200 00
202
FIRE ASSOCIATION OF PHILADELPHIA.
Summary op Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Reinsurance and salvage, .
Gross assets, .....
Deduct special deposits in other States, .
$276,800 00
2,108,135 51
51,105 Q6
2,566,933 12
186,200 00
60,713 57
255,713 20
23,316 68
623,588 33
1,801 50
3,296 94
1,157,604 51
114,375 00
Balance, $6,043,229 51
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance, .....
Return premiums, . . , .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
$115,668 18
122,425 94
47,668 42
$285,762 54
38,188 27
$247,574 27
1,998,678 43
1,950,807 57
112,283 89
56,492 87
69,686 80
3,997 14
1,439,520 97
55,399 26
- 4,384,121 71
. $1,659,107 80
. 500,000 00
. $ 1,159,107 80
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
. $2,333,588 00
. 2,901,489 00
. 1,932,695 00
FIRE ASSOCIATION OF PHILADELPHIA.
203
$708,206 55
3,317,857 37
$4,026,063 92
623,588 33
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages, ......
Interest and dividends received from all other sources, .
Income from all other sources, ......
Deposits received for perpetual fire risks, . $69,128 60
Gross cash income,
. 43,402,475 59
826,805 49
>,575,670 10
125,074 82
134,903 96
11,169 00
5,846,817 88
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, ....
Risks and Premiums.
,470,599 19
119,541 78
$46,933 19
$371,903,732
297,205,435
$669,109,167
266,134,135
$402,975,032
18,107,974
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above)
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (40 per cent.),
Company's stock owned by directors, ....
,351,057 41
200,000 00
580,931 73
159,739 93
75,532 58
176,921 37
!,544,183 02
Premiums.
00 $4,014,684 61
00 3,317,857 37
00 $7,332,541 98
00 3,228,073 38
00 $4,104,468 60
00 214,883 61
$384,867,058
5,592,244
00 $3,889,584 99
00 $2,117,576 55
$44,742,884 00
24,871,163 00
1,386,956 00
5,379,762 00
200,000 00
36,250 00
204 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
"THE FIRE INSURANCE COMPANY OF THE COUNTY OF
PHILADELPHIA," PHILADELPHIA, PA.
[Incorporated May 31, 1832. Commenced business April 19, 1833.]
Paid-up Capital, $400,000.
CHARLES R. PECK, President. E. A. LAW, Secretary.
Detailed Statement of Stocks and Bonds.
Lehigh Valley R.R. bonds,
Delaware & Bound Brook R.R. bonds, .
Cattawissa R.R. Co. bonds,
Pennsylvania & N. Y. Canal & R.R. bonds,
11 shares Elmira & Williamsport R.R., .
Pittsburgh, Cincinnati & St. Louis R'y bonds,
United New Jersey R.R. & Canal Co. bonds,
Philadelphia & Erie R.R. bonds,
Pennsylvania R R. bonds, .
Junction RR. Co. bonds, .
Camden & Atlantic R.R. bonds,
Belvidere Delaware R.R. bonds,
Connecting Railway bonds,
264 shares Phila., Germant'n & Norrist'n R.R
City of Camden bonds,
Pennsylvania R.R. bonds, .
150 shares United Companies of New Jersey
205 " Germantown Passenger R'y Co.,
Schuylkill River East Side R.R. bonds, .
Pennsylvania Steel Co. bonds, .
100 shares Second & Third St. Pass. R'y Co.,
Pennsylvania & Northwestern R.R. bonds,
220 shares Pennsylvania R.R. Co., .
Lehigh Valley Railway bonds,
69 shares N'l B'k of the No'n Liberties, Phila
Lehigh Valley R.R. bonds,
104 shares North Pennsylvania R.R. Co.,
Philadelphia City Passenger R'y Co. bonds,
Lombard & South St. Pass. R'y Co. bonds,
20 shares 13th and 15th Sts. Pass. R'y Co.,
Newark Passenger Railway Co. bonds, .
28 shares Bank of North America, Phila,,
10 " First National Bank of Phila., .
Northern Central Railway Co. bonds,
50 shares Frankf d & Southw'k P.C.P.R.R. Co.,
164 " Union Traction Co. of Phila., .
Par Value.
$13,000 00
24,000 00
4,000 00
6,000 00
550 00
20,000 00
20,000 00
10,000 00
11,000 00
7,000 00
4,000 00
1,000 00
3,000 00
13,200 00
1,000 00
6,000 00
15,000 00
10,250 00
15,000 00
15,000 00
5,000 00
10,000 00
11,000 00
25,000 00
3,450 00
15,000 00
5,200 00
3,000 00
3,000 00
1,000 00
5,000 00
2,800 00
1,000 00
10,000 00
2,500 00
2,050 00
Market Value.
$15,780 00
29,760 00
4,340 00
7,200 00
550 00
22,000 00
21,700 00
11,850 00
14,350 00
7,350 00
4,160 00
1,090 00
3,320 00
35,640 00
1,120 00
7,140 00
37,500 00
27,521 25
15,750 00
13,500 00
25,400 00
9,500 00
12,595 00
25,000 00
9,177 00
18,525 00
9,360 00
3,210 00
3,000 00
5,240 00
5,550 00
7,035 00
2,050 00
11,775 00
18,750 00
1,947 50
THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 205
Electric & People's Traction Stock Trust ctfs.,
Girard Life Ins. Annuity & Trust Co. of Phila.,
Securities held as collateral for cash loans : -
100 shares Union Passenger R'y Co., Phila., .
1,000 " Union Traction Co., Phila., .
21 " Union Passenger R'y Co., Phila., .
7 " Girard F. & M. Insur. Co., Phila.,
Par Value.
125,000 00
250 00
Market Value.
$19,562 50
250 00
$329,250 00 $469,548 25
Market Value. Loaned Thereon.
$22,525 00
11,875 00
4,730 14
2,485 00
$15,000 00
7,000 00
2,200 00
1,800 00
$41,615 14 $26,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents,
Perpetual deposits in other companies, .
Gross assets,
31, 1897.
$75,000 00
267,150 00
3,904 44
469,548 25
26,000 00
109 28
43,547 19
.54 53
19,094 08
205 00
5,349 51
$909,962 28
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$712 00
22,070 75
583 00
$23,365 75
8,642 01
L,723 74
72,473 62
232,547 68
5,741 66
5,616 99
507 12
331,610 81
$578,351 47
400,000 00
$178,351 47
* Value of mortgaged premises, $513,250 00
206 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA.
Income.
Fire premiums outstanding Dec. 31, 1896, . $15,256 16
Premiums on risks written or renewed, . . 200,695 05
Total, ........ $215,951 21
Premiums now in course of collection, . . 19,094 08
Entire premiums collected, .... $196,857 13
Less reinsurance and return premiums, . . 89,309 56
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures, . i
Risks and Premiums.
$7,627 98
$82,240 31
20,741 78
c ,552 70
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Perpetual risks in force (not incl'd above),
. $15,088,505 00
. 19,574,985 00
. $34,663,490 00
. 15,866,565 00
.$18,796,925 00
. 5,777,168 00
$13,019,757 00
$10,633,856 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
,517 57
11,070 69
26,259 89
1,945 92
259 66
$147,083 73
$61,498 53
24,000 00
22,337 68
9,761 19
5,492 81
8,328 19
$131,418 40
Premiums.
$170,933 72
200,695 05
$371,628 77
171,837 43
$199,791 34
55,481 05
$144,310 29
$256,811 10
52,784,112 00
1,789,198 00
66,608 00
684,408 00
24,000 00
140,400 00
fireman's FUND INSURANCE CO.
207
"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO,
CAL.
[Incorporated May 3, 1863. Commenced business June 18, 1863.]
Paid-up Capital, $1,000,000.
D. J. STAPLES, President. BERNARD FAYMONVILLE, Secretary.
Detailed Statement of Stocks and Bonds.
Omnibus Cable Railway Co. bonds,
Market Street Railway Co. bonds, .
Powell Street Railway Co. bonds, .
Sutter Street Railway Co. bonds,
Presidio and Ferries R.R. Co. bonds,
United States bonds, ....
Oakland Gas Light and Heat Co. bonds, .
Stockton Gas and Electric Co. bonds,
San Diego Gas and Electric Light Co. bonds,
Riverside Water Co. bonds,
Baker City, Ore., water bonds,
Marin Co., Cal., water bonds, .
Pacific Rolling; Mills bonds.
Baker City, Ore., school bonds,
Palo Alto, Cal., school bonds, .
Olympic Club, San Francisco, bonds,
Independence City, Ore , bonds,
Blaine County, Idaho, bonds, .
Territory of Arizona funding bonds,
2,986 shares Home Mutual Insurance Co.,
210 " Bank of California,
230 " First Nat'l Bank, San Francisco,
100 " Anglo-California Bank,
340 " Sather Banking Co., .
250 " California Safe Dep. and Tr. Co
450 " Oakland Bank of Savings, .
22 " San Francisco National Bank,
1,000 " California Street Cable R.R. Co
480 " Sutter Street R.R. Co., .
200 " Market Street Railway Co., .
100 " San Fran. & San Joaquin Val. R.R
650 " Oakland Gas Light and Heat Co
500 " San Francisco Gas and Elec. Co
250 " San Francisco Gaslight Co.,
200 " Pacific Gas Improvement Co.,
786 " Stockton Gas and Electric Co.,
Par Value.
$105,000 00
100,000 00
20,000 00
50,000 00
37,000 00
125,000 00
60,000 00
32,000 00
20,000 00
20,000 00
17,000 00
5,000 00
12,000 00
20,000 00
15,000 00
5,000 00
3,000 00
200 00
22,000 00
298,600 00
21,000 00
23,000 00
5,000 00
34,000 00
25,000 00
22,500 00
2,200 00
100,000 00
48,000 00
20,000 00
10,000 00
42,900 00
50,000 00
750 00
20,000 00
23,580 00
Market Value.
$131,250 00
113,000 00
24,000 00
56,500 00
37,000 00
160,000 00
66,600 00
32,640 00
20,000 00
20,000 00
17,850 00
5,100 00
12,300 00
21,000 00
15,600 00
5,000 00
3,000 00
200 00
22,000 00
600,000 00
51,450 00
43,700 00
5,500 00
25,500 00
24,750 00
31,500 00
2,200 00
109,000 00
48,000 00
10,500 00
10,000 00
35,750 00
47,500 00
750 00
18,600 00
11,790 00
208
FIREMAN S FUND INSURANCE CO.
450 shares Spring Valley Water Co , .
656 " California Dry Dock Co.,
100 " Oakland Building and Loan Asso.,
Par Value.
$45,000 00
65,600 00
4,800 00
Market Value.
$44,550 00
24,600 00
4,800 00
$1,530,130 00 $1,913,480 00
Securities held as collateral for cash loans : —
50 shares Eagle Canning Co.,
200 " Bank of Sonoma County,
18 " California Street Cable R.R. Co.
68 " Pacific Gas Improvement Co.,
100 " Pacific Telegraph and Tel. Co.,
390 " Bank of Sonoma County,
333 " Palace Hardware Co., .
7 " Spring Valley Water Co., .
400 " Sutter Street Railway Co., .
350 " Southern Pacific Milling Co.,
125 " Spring Valley Water Co., .
250 " Southern Pacific Milling Co.,
1,500 " S. F. and San Joaquin Coal Co.,
465 " California Dry Dock Co., .
50 " Shipowners' & Merchants' Tug Co
North Pacific Coast Railway bonds,
Northern Railway of California bonds, .
North Pacific Coast Railway bonds,
Market Value.
11,500 00
22,000 00
1,962 00
6,324 00
4,800 00
42,900 00
10,000 00
693 00
40,000 00
24,500 00
12,375 00
17,500 00
15,000 00
17,437 50
5,000 00
25,375 00
5,075 00
2,020 50
Loaned Thereon.
$801 65
15,000 00
5,000 00
34,000 00
5,000 00
500 00
24,500 00
10,000 00
11,000 00
7,500 00
7,387 69
15,000 00
20,000 00
5,000 00
$254,462 00 $160,689 34
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Due for reinsurance on losses, .
Gross assets,
Deduct special deposits in other States, .
31, 1897.
$379,200 00
463,484 85
9,322 69
1,913,480 00
160,689 34
5,929 40
353,906 61
540 51
396,538 27
. 33,689 45
21,519 76
$,738,300 88
133,200 00
Balance, $3,605,100
* Value of lands mortgaged, . $963,500 00
Value of buildings thereon 259,000 00
Amount of insurance held as collateral 175,000 00
fireman's FUND INSURANCE CO.
209
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Marine bills payable,
Agents' credit balances and deposits,
Voluntary reserve to offset cut rates in California,
Reinsurance disallowed, .....
risks,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .
$34,569 70
131,551 30
7,000 00
$173,121 00
• 37,776 29
$135,344 71
1,232,756 51
54,903 04
3,160 73
30,086 16
25,000 00
78,863 58
.,560,114 73
57,484 40
$1,502,630 33
. $2,102,470 55
. 1,000,000 00
Surplus over capital, .
.,102,470 55
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$323,234 43
2,050,058 39
52,373,292 82
345,027 87
52,028,264 95
589,959 16
$78,606 55
514,678 62
$593,285 17
85,199 85
$508,085 32
199,636 70
$1,438,305 79
sources,
308,448 62
29,168 34
111,099 41
25,107 50
. $1,912,129 66
210
fireman's FUND INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, .
Gross cash expenditures, .
$802,093 79
108,562 06
$376,490 92
146,748 34
$693,531 73
229,742 58
120,000 00
232,150 53
209,712 05
41,294 48
174,121 19
. $1,700,552 56
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$211,065,199 00 $2,508,860 10
167,331,860 00 2,050,058 39
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,. . . . . .
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
$378,397,059 00 $4,558,918 49
159,219,278 00 1,943,093 76
$219,177,781 00 $2,615,824 73
23,621,141 00 303,652 18
$195,556,640 00 $2,312,172 55
$5,969,185 00 $174,002 77
65,031,020 00 514,678 62
$71,000,205 00 $688,681 39
62,538,102 00 483,146 06
^8,462,103 00 $205,535 33
2,234,329 00 68,864 74
1,227,774 00 $136,670 59
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, . .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.), .
Company's stock owned by directors, .
131,855,625 00
16,223,701 00
713,596 00
248,874 00
2,776,060 00
120,000 00
118,100 00
THE FIREMEN'S INSURANCE CO.
211
"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE,"
BALTIMORE, MD.
[Incorporated December, 1825. Commenced business Aug. 2, 1826.]
Paid-up Capital, $378,000.
F. E. S. WOLFE, President. -HARRY L. RIALL, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
Maryland State bonds, ....
Virginia State bonds, •'..'•*.
Baltimore city bonds, ....
400 shares Nat'l Farmers 1 & Planters' Bank,
100 " Merchants' National Bank,
160 " National Bank of Baltimore, .
810 " National Mechanics' Bank,
200 " Farmers' & Merchants' Nat'l Bank
100 " People's Bank,
4 " Equitable National Bank,
400 " National Marine Bank, .
300 " Western National Bank, .
100 " First National Bank,
150 " Second National Bank, .
900 " Citizens' National Bank,
Columbus & Cincinnati R R. bonds,
Sioux City Term. R.R. & Whse. Co.,
500 shares Baltimore City Pass. Railway,
200 " Central Railway Co.,
100 " Mercantile Trust & Deposit Co.,
Baltimore City Pass. Railway certificates,
Par Value.
$50,000 00
30,000 00
21,500 00
160,000 00
10,000 00
10,000 00
16,000 00
8,100 00
8,000 00
2,000 00
400 00
12,000 00
6,000 00
10,000 00
15,000 00
9,000 00
5,000 00
10,000 00
12,500 00
10,000 00
5,000 00
2,500 00
Market Value.
$64,250 00
31,800 00
2,150 00
169,510 00
18,400 00
14,400 00
22,240 00
14,985 00
12,400 00
1,800 00
400 00
15,600 00
12,000 00
12,500 00
28,950 00
19,800 00
3,250 00
8,000 00
33,250 00
15,600 00
17,000 00
2,650 00
$413,000 00 $520,935 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $140,000 00
Stocks and bonds, as per schedule, . . . 520,935 00
Cash in the office of the company, . . . 4,172 62
Cash deposited in bank, . . . . 31,689 21
Interest due and accrued, 6,397 08
Premiums in course of collection (gross), . 34,164 30
Rents due and accrued, 786 81
Commissions due on reinsurance and return
premiums, 3,063 94
Ofiice furniture, etc., . . . $5,198 36
Gross assets, . . . . . . . f 741, 208 96
212
THE FIREMEN S INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, . .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
L,744 17
12,635 00
195,429 30
676 80
8,690 08
9,191 23
13,785 31
252,151 89
$489,057 07
378,000 00
Surplus over capital, $111,057 07
Income.
Fire premiums outstanding Dec. 31, 1896, . $23,578 32
Premiums on risks written or renewed, . . 388,028 06
Total, $411,606 38
Premiums now in course of collection, . . 34,164 30
Entire premiums collected, . $377,442 08
Less reinsurance and return premiums, . . 110,130 37
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Income from rents, etc.,
$267,311 71
19,026 18
7,109 26
Gross cash income, ........ $293,447 15
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
Gross cash expenditures, .
Risks and Premiums.
$143,033 42
18,071 58
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$39,981,481 00
43,192,901 00
$83,174,382 00
35,100,557 00
$48,073,825 00
6,339,243 00
$124,961 84
30,929 94
63,856 09
16,229 00
16,796 80
14,428 39
$267,202 06
Premiums.
$392,919 61
388,028 06
$780,947 67
353,946 05
$427,001 62
54,638 23
$41,734,582 00 $372,363 39
FIREMEN S INSURANCE CO.
213
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.),
Company's stock owned by directors, ....
$7,837,462 00
4,014,964 00
130,707 00
3,400,369 00
30,240 00
47,628 00
"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.,"
NEWARK, N. J.
[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.]
Paid-up Capital, $600,000.
DANIEL H. DUNHAM, President. A. H. HA8SINGER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $5,000 00 $5,100 00
Morris & Essex Railroad bonds, . . . 50,000 00 70,500 00
Orange & Newark Railroad bonds, . . . 40,000 00 44,400 00
Essex Pass. Railway bonds, . . . . 24,000 00 26,640 00
Montclair Gas and Water Company bonds, . 5,000 00 5,000 00
North Hudson County R'y Co. bonds, . . 45,000 00 49,750 00
Underwriters' Prot. Asso. bonds, . . . 1,000 00 1,000 00
Suburban Electric Co., Elizabeth, N. J., bonds, 10,000 00 10,000 00
Newark Gas Company bonds, .... 50,000 00 64,000 00
Lehigh Valley Terminal Railway bonds, . 4,000 00 4,400 00
Newark Pass. Railway Co. bonds, . . . 20,000 00 22,000 00
Atlantic City, N. J., water bonds, . . . 22,000 00 24,200 00
United N. J. Railroad & Canal Co. stock, . 13,900 00 34,750 00
Delaware, Lack. & Western Railroad stock, . 60,000 00 93,000 00
Morris & Essex Railroad stock, . . . 70,000 00 117,600 00
Newark City National Bank stock, . . . 20,000 00 32,000 00
Second National Bank stock, .... 20,000 00 28,000 00
National Newark Banking Company stock, . 20,000 00 34,000 00
National State Bank stock, . . . . 32,500 00 52,000 00
Essex County National Bank stock, . . 20,000 00 60,000 00
German National Bank stock, . . . . 10,000 00 21,000 00
Manufacturers' National Bank stock, . . 10,000 00 14,500 00
Newark Fire Insurance Company stock, . . 5,000 00 8,250 00
Paterson Gas Company stock 10,000 00 13,000 00
Newark Gas Company stock, .... 12,000 00 24,000 00
People's Light and Power Co. stock, . . 40,000 00 40,000 00
Newark & Rosendale Lime and Cement Co., . 4,000 00 2,400 00
Merchants National Bank stock, . . . 8,000 00 16,800 00
New York & New Jersey Telephone stock, . 5,650 00 8,475 00
$637,050 00 $926,765 00
214
FIREMEN S INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents, etc., . . . .
Prem's more than three mos. due, . $733 44
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Unpaid scrip ordered to be redeemed,
Interest due or accrued on scrip,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, . > .
Less reinsurance and return premiums,
Net cash fire premiums received,
31, 1897.
$130,203 62
1,127,700 00
16,850 59
926,765 00
1,393 78
32,174 41
7,625 00
48,985 18
195 21
$4,278 31
22,461 87
5,739 32
$32,479 50
198 34
$32,281 16
296,958 43
1,902 00
499 71
9,767 85
6,969 40
32 85
,672 16
301 74
$42,370 42
409,118 62
$451,489 04
49,718 62
$401,770 42
52,699 94
1,291,892 79
348,411 40
,943,481 39
600,000 00
.,343,481 39
$349,070 48
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$1,102,475 00
1,797,200 00
1,498,475 00
FRANKLIN FIRE INSURANCE CO.
215
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income, .
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
Cash paid for redemption of scrip, .
Interest paid scrip holders,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
for real estate expenses, .
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
sources,
$156,108 66
6,479 68
,475,379 00
38,925,963 00
. $95,401,342 00
. 31,647,644 00
. $63,753,698 00
. 1,952,489 00
$56,831 66
45,209 34
10,248 85
$461,360 33
$149,628 98
72,000 00
3 00
84
67,131 60
25,679 02
15,127 73
21,699 86
1,401 10
$352,672 13
Premiums.
$547,097 41
409,118 62
$956,216 03
362,428 17
$593,787 86
17,895 79
11,801,209 00 $575,892 07
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . .
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent ),
Company's stock owned by directors, ....
57,789,879 00
3,694,762 00
168,500 00
1,686,500 00
72,000 00
221,880 00
"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 22, 1829. Commenced business June, 1829.]
Paid-up Capital, $400,000.
JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Pittsburgh, Chartiers & Youghiogheny R.R., . $53,000 00 $58,300 00
Pennsylvania R.R. bonds, .... 75,000 00 87,000 00
216
FRANKLIN FIRE INSURANCE CO.
Shamokin, Sunbury & Lewisburg R.R.,
Chartiers R'y bonds,
Penna. & New York Canal & R.R. bonds
Huntingdon & Broad Top R.R., . .
Lehigh Valley R.R. bonds,
Pennsylvania R.R. bonds, .
Penna. & New York Canal & R.R. bonds
Phila., Wilmington & Baltimore RR.,
Philadelphia & Erie R R. bonds,
Belvidere Delaware R.R., .
Delaware & Bound Brook R.R. bonds,
Chicago & Western Indiana R.R. bonds,
Pennsylvania R.R. Trust Loan,
Columbus & Cincinnati Midland R.R.,
Baltimore & Potomac R.R.,
West Jersey R.R. bonds, . . .
Connecting R.R. Co. bonds,
Easton & Amboy R R. bonds, .
Elmira & Williamsport R.R. bonds,
Phila., Wilm. & Balto. R.R. trust certificate,
New York, Lack. & Western R.R. bonds,
West Jersey R.R. bonds, ....
New York Central R.R. bonds,
Harrisb'g, Portsm'th, Mt. Joy & Lane. R R.,
Northern Central R.R. bonds, .
Steubenville & Indiana R.R. bonds, .
Camden & Atlantic R.R. bonds,
North Central R.R. bonds,
Philadelphia & Erie R.R. bonds,
Baltimore & Ohio R.R. bonds, .
River Front R.R. bonds, ....
Camden & Atlantic R.R. bonds,
Philadelphia & Reading R.R. bonds,
St. Louis, Vandalia & Terre Haute R.R. bonds
Northern Central Railway bonds, .
Philadelphia & Reading R.R. bonds,
Lehigh Valley R.R. Co bonds,
Philadelphia & Baltimore Central R.R. bonds
Jacksonville Southeastern R. W. bonds, .
Baltimore & Ohio R.R. bonds, .
Allegheny Valley R.R. bonds, .
Penna. & New York Canal and R.R. Co. bonds
Lehigh Valley R.R. Car Trust,
Phila. & Reading Coal and Iron Co. bonds,
Jacksonville & St. Louis R.R., .
Wisconsin Central Co/s receiver's certif.,
Wilmington & Weldon R.R. bonds, .
Jacksonville & St. Louis R.R., .
Pittsburgh, Chartiers & Youghiogheny R.R.,
Par Value.
$10,000 00
6,000 00
50,000 00
29,000 00
25,000 00
61,000 00
10,000 00
28,000 00
10,000 00
21,000 00
8,000 00
9,000 00
30,000 00
25,000 00
105,000 00
14,000 00
20,000 00
25,000 00
10,000 00
25,000 00
25,000 00
25,000 00
25,000 00
25,000 00
15,000 00
60,000 00
15,000 00
18,000 00
10,000 00
25,000 00
16,000 00
11,000 00
75,000 00
14,000 00
29,000 00
41,000 00
100,000 00
1,000 00
4,000 00
25,000 00
25,000 00
3,000 00
55,000 00
25,000 00
2,750 00
20,000 00
50,000 00
12,650 00
50,000 00
Market Value.
$10,300 00
6,720 00
60,000 00
30,450 00
33,500 00
80,750 00
10,600 00
29,400 00
10,800 00
22,050 00
8,240 00
9,450 00
34,200 00
14,750 00
128,050 00
14,700 00
21,400 00
27,000 00
10,600 00
27,250 00
35,000 00
30,000 00
25,750 00
26,250 00
17,850 00
66,000 00
17,700 00
19,240 00
11,900 00
25,500 00
16,800 00
11,770 00
77,250 00
14,280 00
32,450 00
42,230 00
108,050 00
1,050 00
3,400 00
27,000 00
32,250 00
2,790 00
55,550 00
26,000 00
1,650 00
20,200 00
51,000 00
2,530 00
51,000 00
FRANKLIN FIRE INSURANCE CO,
217
Lehigh Coal & Navigation Co. bonds,
Lehigh Valley Coal Co. bonds,
Girard Point storage bonds,
Susquehanna Coal Co bonds, .
Delaware River Ferry Co. bonds,
Pennsylvania Salt Manufacturing Co. bonds,
Philadelphia Traction Co. bonds,
Pittsburgh & Connellsville R.R. bonds, .
West Jersey & Seashore R.R. bonds,
Newport & Cincinnati Bridge Co. bonds,
Edison Electric Light Co. bonds,
Infantry Battalion, State Fencibles, bonds,
United Traction Co. of Pittsburgh bonds,
Federal St. & Pleasant Valley Pass. R'y bonds
City of Springfield, 111., bonds,
City of Sandusky, O., bonds, .
City of Camden, N. J., bonds, .
City of Philadelphia bonds,
City of Quincy, 111., bonds,
Gloucester County, N. J., bonds,
Borough of Beaver, Pa., bonds,
City of Columbus, O., bonds, .
Borough of Sewickly, Pa , bonds,
City of Dayton, O., bonds,
Monongahela City, Pa., bonds,
Borough of Downington, Pa., bonds
City of Lancaster, Pa., bonds, .
County of Gloucester, N. J., bonds,
County of Cameron, Pa , bonds,
Delaware County, Pa., bonds, .
50 shares Independence National Bank,
50 " First National Bank of Philadelphia
100 " Southwark National Bank,
125 " Phila., Wilmington & Bait. R.R.,
500 " Mine Hill & Schuylkill Haven R.R.
25 " Penn. Co. for Ins. on Lives, etc.,
50 " Continental Hotel Co., .
Securities held as collateral for cash loans :
500 shares Philadelphia Traction Co.,
150 " Record Publishing Co., .
Lehigh Valley R.R bonds,
New York, Phila. & Norfolk R.R., .
United Companies of New Jersey R.R.,
Record Publishing Co bonds, .
22 shares 13th & 15th Street Pass. R'y Co.,
Par Value.
$60,000 00
20,000 00
45,000 00
15,000 00
9,000 00
47,000 00
36,000 00
20,000 00
25,000 00
25,000 00
30,000 00
4,000 00
15,000 00
10,000 00
9,000 00
35,000 00
45,000 00
200 00
19,000 00
3,000 00
20,900 00
50,000 00
25,000 00
25,000 00
18,000 00
10,000 00
4,000 00
15,000 00
20,000 00
75,000 00
5,000 00
5,000 00
• 5,000 00
6,250 00
25,000 00
2,500 00
5,000 00
Market Value.
$62,900 00
19,600 00
40,500 00
18,000 00
9,270 00
47,940 00
37,440 00
20,800 00
26,250 00
26,750 00
31,800 00
4,000 00
15,000 00
11,000 00
9,270 00
39,200 00
46,050 00
216 00
19,380 00
3,060 00
21,945 00
51,750 00
26,250 00
28,300 00
19,440 00
10,500 00
4,160 00
15,450 00
20,400 00
77,250 00
6,250 00
10,250 00
10,000 00
8,125 00
29,000 00
12,500 00
7,000 00
$2,240,250 00 $2,434,946 00
Market Value. Loaned Thereon.
$39,000 00
15,000 00
8,645 00
4,200 00
2,200 00.
15,000 00
5,786 00
$25,000 00
12,500 00
10,000 00
10,000 00
4,000 00
$89,831 00 $61,500 00
218
FRANKLIN FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Keclaimable on perpetual fire policies, .
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,. .
Surplus over capital, . . . .
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$247,000 00
204,558 00
3,173 37
2,434,946 00
61,500 00
3,429 62
102,576 13
554 43
67,344 92
$13,080 49
23,022 34
7,455 00
$43,557 83
1,863 21
$41,694 62
431,669 99
1,134,277 51
317 50
9,387 13
13,136 66
$63,189 85
538,860 03
sources,
;,125,082 47
1,630,483 41
$1,494,599 06
400,000 00
$1,094,599 06
$602,349 88
67,344 92
$535,004 96
91,867 32
>,791 18
$443,137 64
12,882 70
119,803 20
10,846 49
$586,670 03
* Total value of property mortgaged,
Amount of insurance held as collateral,
$680,645 00
343,633 00
GERMAN ALLIANCE INSURANCE CO.
219
Expenditures.
Cash paid for fire losses, ...
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
for repairs on real estate,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. $200,705 22
12,035 27
$188,669 95
99,902 50
• . • .
85,579 30
es, .
41,714 IP.
• . . .
20,712 77
.
86,875 89
. . . .
2,102 67
$39,059 56
.
|525,557 24
JMS.
Premiums.
. $78,737,220 00
$886,323 24
. 49,191,904 00
538,860 03
$127,929,124
. 47,868,650
00 $1,425,183 27
00 549,152 38
,060,474
3,837,046
00 $876,030 89
00 40,966 82
Net amount in force, $76,223,428
Perpetual risks in force (notincl'd above), . $55,629,175
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.),
Company's stock owned by directors, ....
00 $835,064 07
00 $1,232,280 94
$31,335,838 00
16,554,193 00
203,377 00
5,584,000 00
100,000 00
18,500 00
GERMAN ALLIANCE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated Feb. 8, 1897. Commenced business Feb. 8, 1897.]
Paid-up Capital, $200,000.
ADOLPH A. STROHN, President. WM. N. KREMER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $ 250,000 00
Central R.R. of New Jersey bonds, . . . 20,000 00
Chic, Milwaukee & St. Paul R.R. bonds, . 15,000 00
Milwaukee & St. Paul Railway bonds, . . 10,000 00
100 shares Chicago & Northwestern R.R., . 10,000 00
Market Value.
$318,750 00
22,000 00
20,550 00
13,700 00
16,100 00
$305,000 00 $391,100 00
220
GERMAN ALLIANCE INSURANCE CO.
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Gross assets, .....
Deduct special deposits in other States, .
Balance, ......
Liabilities.
Losses adjusted, unpaid, . . .
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
/. O 1 , J.Ot/1 .
. $391,100 00
35,078 79
19,836 33
.
$446,015 12
12,750 00
.
i . • •
$433,265 12
$1,434 00
6,321 87
102,024 08
5,779 22
174 17
15 29
$115,748 63
5,077 97
Surplus over capital, .
110,670 66
$322,594 46
200,000 00
$122,594 46
Income
Premiums on risks written or renewed, . . $231,371 42
Premiums now in course of collection, . . 19,836 33
Entire premiums collected, .... $211,535 09
Less reinsurance and return premiums, . . 36,398 00
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Gross cash income,
$175,137 09
8,438 17
$183,575 26
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance, . . .
Net cash, paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals,
$23,775 13
106 46
$23,668 67
45,296 97
895 80
4,717 01
800 41
Gross cash expenditures,
$75,378 86
GERM AN- AMEBIC AN INSURANCE CO.
221
Risks and Premiums.
Premiums.
Fire risks written during 1897, . . .$24,567,407 00 $231,371 42
Deduct risks expired and terminated, . . 6,467,025 00 50.975 32
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $18,100,382 00 |180,396 10
30,980 00 171 65
.$18,069,402 00 $180,224 45
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$175,137 00
23,669 00
31,425 00
38,600 00
" GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N.Y.
[Incorporated March, 1872. Commenced business March 7, 1872.]
Paid-up Capital, $1,000,000.
ERNEST L. ALLEN, President. WM. N. KREMER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market "Value.
United States bonds, $975,000 00 $1,219,875 00
District of Columbia bonds, .... 75,000 00 87,750 00
New York city bonds, 927,784 00 913,229 00
Brooklyn city bonds, 175,000 00 179,500 00
Boston, Mass., Rapid Transit Loan, . . , 50,000 00 50,500 00
St. Louis, Mo., bonds, 100,000 00 105,000 00
Portland, Ore., water bonds, .... 50,000 00 55,500 00
Albany & Susquehanna R.R. bonds, . . 75,000 00 84,750 00
Atchison, Topeka & Santa Fe R'y bonds, . 20,000 00 17,200 00
Chicago, Rock Island & Pacific R.R. bonds, . 150,000 00 166,000 00
Central R R. of New Jersey bonds, . . . 65,000 00 71,500 00
Chicago, Milwaukee & St Paul R.R. bonds, . 130,000 00 149,400 00
Chic. & Northwestern R'y sinking fund bonds, 193,000 00 210,310 00
Chicago, Burlington & Quincy R.R. bonds, . 100,000 00 102,000 00
Chicago & Eastern Illinois R.R. bonds, . . 25,000 00 31,500 00
Central Pacific R.R. bonds, .... 45,000 00 44,100 00
Columbus, Hock. Valley & Toledo R'y bonds, 25,000 00 15,750 00
Columbus & Ninth Avenue R.R. bonds, . . 25,000 00 29,000 00
Cleveland, C. C. & St. Louis R.R , . . . 50,000 00 45,000 00
Erie Railway bonds, 120,000 00 168,000 00
Hannibal & St. Joseph R.R. bonds, . . . 25,000 00 29,500 00
Lexington Ave. and Pavonia Ferry R'y bonds, 25,000 00 29,000 00
222
GERMAN- AMERICAN INSURANCE CO.
Little Miami R.R. bonds,
Louisville & Nash. & Mo. & Mont. R.R. bonds,
Louisville & Nashville R.R. bonds, .
Minneapolis & St. Louis R.R. bonds,
Montana Central R.R. bonds, .
Milwaukee & St. Paul R'y bonds, .
New York, New Haven & Hartford R.R. ctfs.
Nashville, Chattanooga & St. Louis R'y bonds
N. Y., Lackawanna & Western R.R. bonds,
N. Y., Susquehanna & Western R.R. bonds,
New York Central & Hudson River R.R. bonds
New York, Chicago & St. Louis R.R. bonds,
Pennsylvania Co. bonds, ....
St. Paul, Minn. & Manitoba R'y bonds, .
Syracuse, Binghamton & N. Y. R'y bonds,
West Shore R'y bonds, ....
Allegheny Street Railway bonds,
Minneapolis L. & M. Street R'y bonds, .
Metropolitan Street R'y bonds,
34th Street Crosstown R'y bonds,
Troy (N. Y.) City R'y Co. bonds, .
Edison Electric Illuminating Co. of N. Y. bonds,
Underwriters' Prot. Asso. of Newark, N.J., b'ds,
Western Union Telegraph Co. bonds,
Maryland Steel Co. bonds,
Standard Gas Light Co. bonds,
100 shares Albany & Susquehanna R.R.,
400 " Cleveland, C. C. & St. Louis R.R.
1,000 " Cayuga & Susquehanna R.R.,
1,000 " Chic, Milwaukee & St. Paul R.R
650 " Chicago & Northwestern R.R.,
200 " Detroit, Hills. & Southwest. R.R.
1,200 " Morris & Essex R.R., .
2,633 " New York & Harlem R.R., .
490 " N. Y , New Haven & Hart. R.R.
200 " N. Y., Lack. & Western R.R.,
2,550 " Pennsylvania R.R.,
500 " Rensselaer & Saratoga R,R.,
300 " St. Paul, Minn. & Manitoba R.R.
100 " American Exchange Nat'l Bank,
367 " Central National Bank,
500 " National Bank of Commerce,
400 " Fourth National Bank, .
221 " German American Bank,
700 " Consolidated Gas Co., .
300 " New York Mutual Gas Light Co.,
700 " Standard Oil Trust, . . .
Par Value.
$25,000 00
100,000 00
25,000 00
10,000 00
25,000 00
40,000 00
20,000 00
25,000 00
100,000 00
50,000 00
100,000 00
45,000 00
80,000 00
96,000 00
30,000 00
35,000 00
25,000 00
25,000 00
35,000 00
50,000 00
25,000 00
50,000 00
1,000 00
25,000 00
50,000 00
25,000 00
10,000 00
40,000 00
30,000 00
100,000 00
65,000 00
20,000 00
60,000 00
131,650 00
49,000 00
20,000 00
127,500 00
50,000 00
30,000 00
10,000 00
36,700 00
50,000 00
40,000 00
16,575 00
70,000 00
30,000 00
70,000 00
Market Value.
$25,750 00
101,000 00
28,250 00
12,000 00
29,000 00
54,800 00
27,600 00
24,500 00
132,000 00
50,500 00
106,000 00
45,900 00
86,830 00
108,870 00
36,000 00
36,750 00
24,500 00
20,750 00
38,500 00
55,500 00
25,750 00
54,500 00
980 00
26,000 00
31,500 00
27,750 00
18,000 00
28,000 00
45,000 00
141,000 00
104,650 00
19,000 00
96,000 00
408,115 00
88,200 00
23,600 00
144,075 00
85,000 00
36,000 00
17,000 00
60,555 00
103,500 00
72,000 00
18,564 00
119,000 00
88,500 00
238,000 00
|5,599,209 00 |6,969,603 00
GEKM AN- AMERICAN INSURANCE CO.
223
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Gross assets,f
Deduct special deposits in other States,
Liabilities.
Balance,
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total, . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
31, 1897.
|15,000 00
58,000 00
844 89
6,969,603 00
14,782 05
271,351 91
10,136 17
494,981 10
$7,834,699 12
153,000 00
$7,681,699 12
),450 72
205,992 18
34,502 40
$310,945 30
8,330 87
|302,614 43
2,601,689 81
33,044 21
95,959 89
122,391 40
1,196 31
^3,156,896 05
93,843 51
3,063,052 54
14,618,646 58
1,000,000 00
53,618,646 58
$453,060 71
5,378 84
$447,681 87
3,927,062 25
t,374,744 12
494,981 10
53,879,763 02
1,158,793 78
!,720,969 24
* Total value of property mortgaged,
Amount of insurance held as collateral,
$107,000 00
33,000 00
j Including $500,000 special reserve fund held under New York law.
224
GERMAN FIRE INSURANCE CO.
Interest and dividends received from all sources, .
Income from rents,
Gross cash income,
Expenditures.
Cash paid for fire losses, $1,473,974 47
Deduct salvage and reinsurance, . , . 234,667 84
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, ....
$278,838 41
330 19
S,000,137 84
$1,239,306 63
250,000 00
456,719 68
183,277 31
83,730 68
267,961 28
$2,480,995 58
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$550,078,010 00
415,515,753 00
$965,593,763 00
391,034,987 00
$574,558,776 00
23,404,863 00
Premiums.
^5,272,614 21
3,927,062 25
$,199,676 46
3,809,848 91
^5,389,827 55
249,241 97
$551,153,913 00 $5,140,585 58
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (25 per cent.) ,
Company's stock owned by directors, ....
$49,067,542 00
25,728,563 00
1,265,795 00
3,790,000 00
250,000 00
122,500 00
-GERMAN FIRE INSURANCE COMPANY OF THE CITY OF
PITTSBURGH," PITTSBURGH, PA.
[Incorporated March 27, 1862. Commenced business July, 1862.]
Paid-up Capital, $200,000.
A. E. SUCCOP, President. A. H. ECKERT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
First National Bank, Pittsburgh, stock, . . $10,000 00 f 17,700 00
Second National Bank, Pittsburgh, stock, . 10,000 00 30,000 00
Third National Bank, Pittsburgh, stock, . . 10,000 00 10,000 00
GERMAN FIRE INSURANCE CO.
225
German National Bank, Pittsburgh, stock,
Exchange National Bank, Pittsburgh, stock,
Allegheny National Bank, Pittsburgh, stock,
M. & M. National Bank, Pittsburgh, stock,
Metropolitan Nat'l Bank, Pittsburgh, stock,
Fifth Avenue Bank, Pittsburgh, stock,
First National Bank, Allegheny, stock, .
Second National Bank, Allegheny, stock,
Aleppo township school bonds,
People's Park Passenger Railway bonds,
Duquesne Traction bonds,
Milvale, Etna & Sharpsburg St. R'y bonds,
Pittsburgh & Birmingham Traction Co. bonds,
Securities held as collateral for cash loans : ■ —
37 shares German National Bank, Pittsburgh,
100 " Mercantile Trust Co., Pittsburgh, .
55 " Humboldt Fire Ins. Co., Allegheny,
50 " Philadelphia Gas Co.,
20 " U. S. National Bank, Pittsburgh, .
15 " Allemannia Fire Ins. Co., Pittsburgh,
Par Value.
H0,200 00
5,000 00
5,000 00
2,150 00
300 00
500 00
10,000 00
4,500 00
1,800 00
6,000 00
11,000 00
11,500 00
7,000 00
Market Velue.
$30,600 00
8,250 00
6,250 00
3,289 50
372 00
400 00
12,600 00
10,125 00
1,980 00
6,600 00
11,990 00
12,190 00
7,245 00
$104,950 00 $169,591 50
Market Value. Loaned Thereon.
$11,100 00
14,000 00
3,410 00
1,100 00
2,500 00
825 00
$1,600 00
10,000 00
2,000 00
2,500 00
200 00
$32,935 00 $16,300 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $2,200 00
Loans on mortgage of real estate (first liens*), 282,155 00
Interest due or accrued thereon, . . . 4,482 24
Stocks and bonds, as per schedule, . . . 169,591 50
Loans on collateral security, as per schedule, . 16,300 00
Cash deposited in bank, 26,147 33
Interest due and accrued, 765 06
Premiums in course of collection (gross), . 34,350 27
Gross assets, ......
$535,991 40
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, *
Less reinsurance,
Net amount of unpaid losses, .
$10,753 50
9,630 97
2,147 50
$22,531 97
1,144 56
$21,387 41
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$342,600 00
381,300 00
277,350 00
226
GERMAN FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local taxes, .
Commissions and brokerage, " .
Reinsurance disallowed, .
Reserved for contingencies,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, . .....
$165,979 87
132 40
780 00
6,194 31
514 13
5,000 00
_ . $199,988 12
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .
Profit on real estate, .
Gross cash income, .
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employe
for State and local taxes,
for incidentals, .
Gross cash expenditures, .
132,959 28
261,464 78
|294,424 06
34,350 27
$260,073 79
52,912 23
sources,
.10,889 39
9,688 08
es,
$336,003 28
200,000 00
$136,003 28
$207,161 56
15,150 61
8,429 08
407 98
7,000 00
$238,149 23
$101,201 31
20,000 00
51,649 19
13,011 41
4,100 38
12,329 19
$202,291 48
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$26,009,703 00 $319,606 86
17,728,726 00 261,464 78
Total,. .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
143,738,429 00 $581,071 64
19,546,204 00 244,458 91
$24,192,225 00 $336,612 73
886,293 00 11,019 37
$23,305,932 00 $325,593 36
GERMANIA FIRE INSURANCE CO.
227
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
55,315,626 00
2,497,095 00
108,846 00
678,000 00
20,000 00
27,750 00
" GERMANIA FIRE INSURANCE COMPANY," NEW YORK, N.Y.
[Incorporated March 2, 1859. Commenced business March 2, 1859.]
Paid-up Capital, $1,000,000.
HUGO SCHUMANN, President. CHARLES RUYKHAVER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . .'..'. . . $550,000 00 $624,125 00
Baltimore & Ohio R.R. Co. bonds, . . . 50,000 00 40,000 00
Chesapeake & Ohio Railway Co. bonds, . . 30,000 00 31,800 00
Chic, Rock Island & Pacific R.R. bonds, . . 25,000 00 33,500 00
Chicago & Northwestern Railway Co. bonds, . 36,000 00 42,120 00
Cleve., Col., Cin. & Indianapolis R.R. bonds, . 25,000 00 32,500 00
Denver & Rio Grande R.R. bonds, . . . 35,000 00 32,200 00
Dry Dock,E. Broadway & Battery R.R. bonds, 10,000 00 11,500 00
Fargo & Southern Railway bonds, . . . 20,000 00 26,000 00
Flint & Fere Marquette R.R. bonds, . . 25,000 00 21,500 00
Georgia State bonds, . - . . . . 25,000 00 24,500 00
Harlem River & Port Chester R.R. bonds, . 10,000 00 10,800 00
Kentucky Central Railway bonds, . . . .25,000 00 22,000 00
Long Island R.R. bonds, ..... 15,000 00 17,550 00
Michigan Central R R. bonds, .... 20,000 00 25,400 00
Milwaukee & Northern R.R. bonds, . . 25,000 00 30,500 00
Milwaukee & St. Paul Railway bonds, . . 15,000 00 21,150 00
Mississippi State bonds, ..... 20,000 00 20,000 00
Morris & Essex R.R. bonds, . . . . 5,000 00 5,550 00
N. Y., Brooklyn & Manhattan Beach R'y bonds, 25,000 00 26,500 00
Pennsylvania Co. bonds, 50,000 00 57,500 00
Richmond city bonds, ..... 52,100 00 52,100 00
Rome, Watertown & Ogdensburg R.R. bonds, 35,000 00 42,350 00
St. Paul, Minn. & Manitoba Railway bonds, . 25,000 00 27,000 00
St. Paul & Northern Pacific R.R. bonds, . . 16,000 00 20,480 00
Third Avenue R.R. Co. bonds, .... 25,000 00 31,000 00
Underwriters 1 Protective Asso. of Newark, . 1,000 00 1,000 00
Union Elevated R.R., Brooklyn, bonds, . . 15,000 00 12,300 00
Lehigh Valley R.R. Co bonds, . . . 25,000 00 26,000 00
Edison Electric Illuminating Co, bonds, . . 25,000 00 28,000 00
Western New York & Pa. R.R. Co. bonds, . 25,000 00 27,000 00
Consolidated stock of city of New York, . 100,000 00 100,000 00
228
GERMANIA FIRE INSURANCE CO.
Cit} r of New York bonds,
Commercial Cable Co. stock, .
Consolidated Gas Company stock, .
Broadway & Seventh Avenue R.R. stock,
Chicago & Alton R.R. stock, .
Chicago, Milwaukee & St. Paul R.R. stock,
Chicago & Northwestern Railway Co. stock, .
Chic, St. Paul, Minn. & Omaha Railway stock,
Delaware & Hudson Canal Co. stock,
Germ an- American Bank stock,
Lake Shore & Michigan Southern R'y stock,
National Park Bank stock,
N. Y. Central & Hudson River R.R. stock,
Pennsylvania R.R. stock, ....
Pullman's Palace Car Co. stock,
Rome, Watertown & Ogdensburg R.R. stock,
Western Union Telegraph Co. stock,
Delaware, Lacka. & Western R.R. stock,
St. Paul, Minneapolis & Manitoba R 1 y stock,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Rents, .......
In hands of department managers, .
Prem's more than three mos. due, $15,790 25
Gross assets, ...
Deduct special deposits in other States, .
Par Value.
$400,000 00
10,000 00
60,000 00
40,000 00
60,000 00
60,000 00
60,000 00
50,000 00
60,000 00
9,375 00
60,000 00
5,000 00
45,000 00
51,000 00
50,000 00
60,000 00
50,000 00
20,000 00
25,000 00
Market Value.
$426,500 00
17,800 00
106,800 00.
80,000 00
96,000 00
85,200 00
97,800 00
75,000 00
67,200 00
10,500 00
102,600 00
13,250 00
48,150 00
58,650 00
86,500 00
72,600 00
45,500 00
31,000 00
30,500 00
$2,560,475 00 $3,075,475 00
31, 1897.
$615,000 00
299,100 00
6,956 25
3,075,475 00
3,294 66
101,238 36
2,500 00
215,470 85
3,268 09
16,415 93
— — — $4,338,719 14
76,600 00
Balance,
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$4,262,119 14
Liabilities.
,304 39
35,007 53
13,450 00
,761 92
7,508 62
11,253 30
* Value of lands mortgaged
Value of buildings thereon, . .
Amount of insurance held as collateral,
$193,500 00
326,500 00
289,000 00
GERMANIA FIRE INSURANCE CO.
229
Unearned premiums on outstanding risks,
Interest due on mortgage,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
Income
Fire premiums outstanding Dec. 31, 1896
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected, .... $1,591,030 47
Less reinsurance and return premiums, . . 431,592 62
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Gross cash income, .......
$1,411,908 64
1,075 00
30,748 84
44,284 51
fl,549,270 29
16,991 30
$200,239 70
1,622,051 87
51,822,291 57
231,261 10
1,532,278 99
$2,729,840 15
1,000,000 00
$1,729,840 15
£1,159,437 85
16,573 12
130,583 73
. $1,306,594 70
Expenditures.
Cash paid for fire losses, . . . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, ....
$491,938 53
60,122 73
$431,815 80
120,000 00
195,696 98
125,714 14
20,464 50
83,311 94
$977,003 36
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$317,571,740 00 $2,733,575 84
206,187,985 00 1,622,051 87
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, . . .
$523,759,725 00 $4,355,627 71
186,164,056 00 1,486,936 36
$337,595,669 00 $2,868,691 35
16,511,903 00 146,090 70
$321,083,766 00 $2,722,600 65
230
GIRARD FIRE AND MARINE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, . .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, .
$31,836,243 00
. 15,797,657 00
428,613 00
. 2,921,000 00
120,000 00
. 193,350 00
" GIRARD FIRE AND MARINE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March 26, 1853. Commenced business May 2, 1853.]
Paid-up Capital, $300,000.
ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, . --— . .
City of Louisville, Ky., bonds, .
County of St. Louis, Miss., bonds, .
City of Seattle, Washington, bonds,.
Borough Ridley Park, Pa., bonds, ,
Wadena, Minn , school bonds, .
State of Georgia bonds, .
City of Camden, N. J , bonds, .
City of Duluth, Minn., bonds, .
Norfolk and Western Railroad bonds,
Connecting Railroad bonds,
Penn. Railroad bonds, . .
Phil a., Wilmington & Baltimore R.R.,
Pitts., Cinn., Chicago & St. Louis R.R.,
Delaware Railroad Co. bonds, .
North Penn. R.R. bonds, .
Lehigh Valley R.R. bonds,
Zanesville & Ohio R.R. bonds, .
Lynn & Boston R.R. bonds,
Lower Merion Gas Company bonds,
Hutchinson W. L. & P. Co. bonds,, .
Hamilton R. E. Co., Phila , bonds, .
Northwestern Gas Light and Coke Co. bonds
Phila. and Darby Pass. R'y Co. stock,
Holmesburg Water Co. stock, .
Pennsylvania R.R! Co. stock, .
Lehigh Valley R.R. Co. stock, .
Lehigh Coal and Navigation Co. stock, .
Par Value.
$72,000 00
10,000 00
10,000 00
50,000 00
4,000 00
6,000 00
25,000 00
20,000 00
15,000 00
15,000 00
10,000 00
10,000 00
70,000 00
10,000 00
'6,000 00
5,000 00
20,000 00
10,000 00
25,000 00
8,000 00
12,000 00
5,000 00
10,000 00
2,250 00
1,000 00
15,000 00
15,000 00
5,000 00
Market Value.
$82,440 00
11,700 00
11,800 00
52,000 00
4,200 00
6,000 00
27,250 00
22,000 00
15,600 00
15,000 00
11,300 00
13,000 00
75,600 00
11,100 00
6,300 00
6,000 00
20,100 00
2,000 00
26,000 00
8,000 00
6,000 00
5,000 00
10,000 00
1,805 63
1,000 00
17,100 00
7,800 00
4,200 00
GIRARD FIRE AND MARINE INSURANCE CO.
231
Reading Co. stock, .
Philadelphia Bourse stock,
Girard Fire and Marine Ins. Co.,
Par Value. Market Value.
$2,400 00 $606 00
1,000 00 80 00
$41,650 00
Securities held as collateral for cash loans : —
Allegheny Valley R.R. Co. bonds, .
35 shares iEtna Insurance Co.,
Notes secured by real estate, ....
$469,650 00 $480,981 63
Market Value. Loaned Thereon.
$1,300 00
9,625 00
103,400 00
$600 00
2,000 00
80,950 00
$114,325 00 $83,550 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $366,200 00
Loans on mortgage of real estate (first liens*), 795,910 00
Interest due or accrued thereon, . . . 14,333 24
Stocks and bonds, as per schedule, . . . 480,981 63
Loans on collateral security, as per schedule, . 83,550 00
Cash deposited in bank, ..... 127,460 90
Interest due and accrued, ..... 3,509 89
Premiums in course of collection (gross), . 58,279 98
Notes taken for marine and inland risks, . . 24,105 78
Perpetual premiums in course of collection, . 32,389 00
All other admitted assets, . ... . . 10,305 68
Gross assets, . . . . . . — —$1,997,026 10
Liabilities.
Losses claimed and reported,
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$25,356 36
10,081 62
$35,437 98
1,566 97
$33,871 01
379,997 37
601,688 69
744 97
22,993 40
9,829 74
6,565 87
____^_ 1,055,691 05
. $941,335 05
300,000 00
. $641,335 05
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
1,823,398 00
712,840 00
388,360 00
232 GIRARD FIRE AND MARINE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896, . $95,760 02
Premiums on risks written or renewed, . . 463,836 04
Total, ........ $559,596 06
Premiums now in course of collection, . . 82,385 76
Entire premiums collected, .... $477,210 30
Less reinsurance and return premiums, . . 74,687 77
Net cash fire premiums received, . . _ . — — ■ $402,522 53
Interest received on mortgages, ...... 52,404 89
Interest and dividends received from all other sources, . . 25,076 28
Income from rents, ......... 15,707 56
Assignments and surveys, . . . . . . 862 50
Deposits received for perpetual fire risks, . $42,835 89
Gross cash income, ........ $496,573 76
Expenditures.
Cash paid for fire losses, $189,652 59
Deduct salvage and reinsurance, . . . 13,109 67
Net cash paid for fire losses, .... — — $176,542 92
Cash dividends paid, 69,000 00
Cash paid for commissions and brokerage, .... 90,443 21
for salaries of officers and employees, . . . 59,502 77
for State and local taxes, ..... 18,504 60
for incidentals, 34,238 54
Deposits returned on perpetual fire risks, . $31,008 50
Gross cash expenditures, $448,232 04
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . .$75,851,852 00 $794,732 46
Fire risks written during 1897, . . . 47,162,560 00 463,836 04
Total,. . ... . ... $123,014,412 00 $1,258,568 50
Deduct risks expired and terminated, . . 45,342,604 00 474,032 65
In force at end of year, . $77,671,808 00 $784,535 85
Deduct amount reinsured, .... 4,055,057 00 40,866 38
Net amount in force, . . , . .$73,616,75100 $743,669 47
Perpetual risks in force (not incl'd above), . $30,897,991 00 $668,542 99
Miscellaneous.
Premiums received from organization of company, . $13,098,369 00
Losses paid from organization of company, .... 5,157,614 00
Fire losses incurred during the year, ..... 184,450 00
Cash dividends declared from organization of company, . 1,844,194 00
Dividends declared during the year (23 per cent.), . . 69,000 00
Com pany's stock owned by directors, ..... 36,400 00
GLENS FALLS INSURANCE CO.
233
"GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y.
[Incorporated May, 1849. Commenced business May, 1850.]
Paid-up Capital, $200,000.
J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary.
Detailed Statement of Stocks
N. Y. Central & Hudson River R.R. bonds,
New York & Harlem R R. bonds, .
Lake Shore & Michigan So. Railroad bonds,
Syracuse, Bing. & New York R.R. bonds,
Morris & Essex R.R. bonds,
West Shore R R. bonds, .
Hudson River Pulp and Paper Co. bonds,
Georgia State bonds,
Richmond city bonds,
First National Bank, Glens Falls, stock,
International Loan & Trust Co. bonds,
Gould Paper Co. bonds, .
German Trust Co., Davenport, la., bonds,
Glens Falls Paper Mills Co. bonds, .
Cleveland Trust Co. stock,
Mt. Kisco National Bank stock,
Glens Falls National Bank stock,
Securities held as collateral for cash loans : —
Morris & Essex R.R. bonds, ....
and Bonds.
Par Value.
$200,000 00
100,000 00
50,000 00
53,000 00
50,000 00
50,000 00
285,000 00
25,000 00
11,000 00
10,000 00
99,857 87
150,000 00
95,939 44
240,000 00
5,000 00
5,000 00
2,500 00
Market Value.
$230,000 00
108,000 00
53,500 00
65,190 00
70,000 00
50,000 00
285,000 00
25,000 00
10,230 00
20,000 00
99,857 87
150,000 00
95,939 44
240,000 00
6,000 00
5,000 00
5,000 00
,432,297 31 $1,518,717 31
Market Value. Loaned Thereon.
$4,200 00 $4,000 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens) ,
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, . $2,750 00
Gross assets,* .....
Deduct special deposits in other States, .
Balance,
$58,750 00
1,124,366 18
5,819 11
1,518,717 31
4,000 00
4,353 82
252,817 67
8,400 00
89,434 95
1,313 17
$3,067,972 21
35,230 00
$3,032,742 21
* Including $200,000 special reserve held under the New York laws.
234
GLENS FALLS INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, .....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
f 13,541 33
35,612 00
6,534 25
$55,687 58
5,882 07
),805 51
917,763 17
10,000 00
13,812 74
11,640 17
Surplus over capital, .
$1,003,021 59
$2,029,720 62
200,000 00
$1,829,720 62
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, etc , .
Gross cash income, .
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$84,298 98
496 41
$83,802 57
987,144 59
1,070,947 16
92,184 95
$978,762 21
167,378 63
sources,
$427,349 71
28,109 78
$811,383 58
77,988 46
89,632 85
2,603 22
$981,608 11
$399,239 93
40,000 00
168,107 21
67,054 85
42,013 74
58,415 59
$774,831 32
GLOBE FIRE INSURANCE CO.
235
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$170,758,630 00 $1,868,205 84
91,636,886 00 987,144 59
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
1262,395,516 00 $2,855,350 43
85,597,541 00 950,909 45
$176,797,975 00 $1,904,440 98
8,945,470 00 107,820 88
1167,852,505 00 $ 1,796,620 10
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
,158,251 00
7,792,125 00
413,845 00
720,000 00
40,000 00
72,730 00
" GLOBE FIRE INSURANCE COMPANY," NEW YORK.
[Incorporated March, 1863. Commenced business March, 1863.]
Paid-up Capital, $200,000.
E. C. JAMESON, President. WM. VALENTINE, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, . . .
New York city bonds, . .
District of Columbia bonds,
Broadway & Seventh Avenue R.R. bonds
Chicago & Erie R.R. bonds,
Brooklyn city bonds,
Central Union Gas Co bonds, .
Oregon Short Line R'y bonds, .
400 shares New York & Harlem R R.,
100 " Delaware & Hudson Canal Co.,
250 " Consolidated Gas Co., New York,
100 " Chicago & Northwestern R.R.,
200 " Brooklyn Union Gas Co.,
50 " People's Gas Light & Coke Co.,
Par Value.
|168,000 00
26,000 00
25,000 00
5,000 00
10,000 00
20,000 00
5,000 00
10,000 00
20,000 00
10,000 00
25,000 00
10,000 00
20,000 00
5,000 00
Market Value.
$184,736 25
26,000 00
28,750 00
6,000 00
11,150 00
20,800 00
5,000 00
12,375 00
65,000 00
11,100 00
44,250 00
12,050 00
23,600 00
4,825 00
$359,000 00 $455,636 25
236
GLOBE FIRE INSURANCE CO,
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $64,500 00
Interest due or accrued thereon, . . . 916 54
Stocks and bonds, as per schedule, . . . 455,636 25
Cash in the office of the company, , . , 301 28
Cash deposited in bank, 43,223 76
Interest due and accrued, . 3,350 00
Premiums in course of collection (gross), . 163,337 41
Gross assets, ......
$731,265 24
Liabilities.
Losses adjusted, unpaid, ..... $17,950 00
claimed and reported, .... 105,481 10
disputed or resisted, .... 4,070 00
Total amount of losses, ..... $127,501 10
Less reinsurance, . . . . . . 5,000 00
Net amount of unpaid losses, .... $122,501 10
Unearned premiums on outstanding risks, . 202,524 74
Commissions and brokerage, .... 46,995 47
Reinsurance, ....... 34,057 30
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ......
406,078 61
Surplus over capital, .
$325,186 63
200,000 00
$125,186 63
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Gross cash income, ....
$165,514 64
941,183 27
.,106,697 91
163,337 41
$943,360 50
342,927 71
sources,
,432 79
56,844 21
2,773 50
19,038 38
$679,088 88
* Value of lands mortgaged.
Value of buildings thereon,
Amount of insurance held as collateral,
$65,000 00
66,500 00
63,000 00
THE GRAND RAPIDS FIRE INSURANCE CO.
237
Expenditures.
Cash paid for fire losses, $419,085 63
Deduct salvage and reinsurance, . . . 10,000 15
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees, '
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
Risks and Premiums.
Eire risks outstanding Dec 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1897, .
Deduct risks expired and terminated,
In force at end of year,
.$54,739,312 00
. 94,605,480 00
|149,344,792 00
75,740,479 00
$73,604,313 00
33,786,060 00
$409,085 48
16,332 55
12,000 00
188,316 41
4,930 00
12,422 42
2,556 32
$645,643 18
Premiums.
$595,336 84
941,183 27
1,536,520 11
822,821 17
$713,698 94
342,960 50
$39,818,253 00 $370,738 44
$ 1,705,700 00
16,125 00
|56,844 21
33,861 39
$1,689,575 00 $22,982 82
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), ,
Company's stock owned by directors, ....
$4,022,739 00
2,066,920 00
431,039 00
34,872 00
642,000 00
12,000 00
32,250 00
"THE GRAND RAPIDS FIRE INSURANCE COMPANY," GRAND
RAPIDS, MICH.
[Incorporated November, 1882. Commenced business November, 1882.]
Paid-up Capital, $200,000.
JOHN W. CHAMPLIN, President. W. FRED McBAIN, Secretary.
Detailed Statement of Stocks and Bonds.
Tar Value.
$8,000 00
20,000 00
25,000 00
City of Petoskey, Mich., bonds,
United States bonds, .
Grand Rapids Gas Light Co. bonds, .
Market Value.
$8,110 00
25,600 00
25,000 00
$53,000 00 $58,710 00
238
THE GRAND EAPIDS FIRE INSURANCE CO.
Securities held as collateral for cash loans : — ■
15 shares Grand Rapids Nat'l Bank,
100 " White & Friant Lumber Co., .
25 " Fourth Nat'l Bank, Grand Rapids,
25 " Hastings National Bank, Hastings
800 " Anti-Kalsomine Co., Grand Rapids
115 " Hastings National Bank,
65 " Fourth Nat'l Bank, Grand Rapids,
50 " National City Bank, Grand Rapids
25 " Bankers' National Bank, Chicago,
18 " State Bank of Michigan,
7 " White & Friant Lumber Co., .
Peninsula Improvement bonds, Grand Rapids,
10 shares Holland City Bank, .
80 " National City Bank, Grand Rapids,
10 " Grand Rapids Savings Bank, .
50 " National Bank of Grand Haven,
151*1 " Grand Rapids National Bank,
10 " Kent County Savings Bank, . .
100 " Grand Rapids Savings Bank, .
20 " National City Bank, Grand Rapids,
Market Value.
$1,800 00
10,000 00
2,875 00-
2,125 00
5,600 00.
9,775 00
7,475 00
6,000 00
2,750 00
1,800 00*
700 00
375 00.
1,000 00
9,600 00
550 00
5,000 00
18,180 00
1,000 00
5,500 00
2,400 00
Loaned Thereon.
$1,500 00
5,000 00
6,625 00
6,500 00
7,500 00
2,500 00
800 00
8,000 00
500 00
5,000 00
15,000 00
5,000 00
2,000 00
$94,505 00 $65,925 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, . .
31, 1897.
$4,000 00
250,830 50
3,507 91
58,710 00
65,925 00
13,548 22
72,987 87
1,493 56
42,677 05
$513,680 11
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
$10,179 00
4,550 00
$14,729 00
500 00
$14,229 00
* Value of lands mortgaged, «, . .
Value of buildings thereon, . . .
Amount of insurance held as collateral,
$399,800 00
282,350 00
211,045 00
THE GRAND RAPIDS FIRE INSURANCE CO.
239
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
$187,722 98
8,632 46
- $210,584 44
. $303,095 67
200,000 00
. $103,095 67
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
1,377 96
344,462 40
$380,840 36
42,677 05
$338,163 31
80,491 46
Total, . . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . . — ■
Interest received on mortgages, .
Interest and dividends received from all other sources, .
Income from rents, ..„,.,..
Profits on sale of bonds,
Gross cash income,
$257,671 85
15,150 36
8,663 13
400 00
193 75
$282,079 09
Expenditures.
Cash paid for fire losses, * .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, .
$135,956 78
14,741 61
$121,215 17
12,000 00
55,916 69
13,941 89
9,179 56
19,071 62
$231,324 93
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, . . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $29,605,584 00
. 28,250,497 00
. $57,856,081 00
. 24,388,176 00
. $33,467,905 00
. 3,297,109 00
Premiums.
$373,729 86
344,462 40
5718,192 26
308,320 73
,871 53
44,302 92
. $30,170,796 00 $365,568 61
240
GRANITE STATE FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company, . . $2,489,317 00
Losses paid from organization of company, . 1,129,244 00
Fire losses incurred during the year, 124,850 00
Cash dividends declared from organization of company, . 114,000 00
Dividends declared during the year (6 per cent.), . . „ 12,000 00
Company's stock owned by directors, 100,400 00
"GRANITE STATE FIRE INSURANCE COMPANY,"
PORTSMOUTH, N. H.
[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.]
Paid-up Capital, $200,000.
FRANK JONES, President. ALFRED F. HOWARD, Secretary.
Detailed Statement of Stocks
City of Manchester, N. H., bonds,
County of Hillsboro', N. H., bonds,
Town of Harrisville, N. H., bonds,
Portsmouth, N. H., bonds,
Dover, N. H., bonds,.
Nashua, N. H., bonds,
Concord, N. H., bonds,
Laconia, N. H., bonds,
Pittsfield, N. H., bonds, .
Peterborough, N. H., bonds,
Newport, N. H., bonds,
Coos County, N. H., bonds,
Rockingham County, N. EL, bonds,
Burlington, Vt., bonds,
Quincy, Mass., bonds,
Concord & Montreal R.R. bonds,
Emporia Electric & Gas Light Co. bonds
Eastman Freight Car Heater Co. bonds,
Palouse City, Wash., water bonds,
St. Cloud Gas and Electric Co. bonds,
Nashua Card and Glazed Paper Co. bonds,
New Hampshire Trust Co. bonds, .
Chippewa Falls Water Works Co. bonds,
Columbia County, Wash., bonds,
123 shares Boston & Maine R R., .
Tacoma Traction Co. bonds, .
1 share Worcester, Nashua & Roch'ter R.R.,
50 shares WolfboiV Loan and Banking Co., .
133 " Dover Gas Light Co.,
and Bonds.
Par Value.
$100,000 00
10,000 00
14,000 00
10,000 00
10,000 00
10,000 00
1,000 00
10,000 00
2,500 00
4,000 00
5,000 00
5,000 00
4,000 00
5,000 00
6,000 00
10,000 00
10,000 00
26,000 00
4,800 00
10,000 00
5,000 00
10,200 00
10,500 00
8,000 00
12,300 00
2,361 90
100 00
5,000 00
3,325 00
Market Value.
$104,430 00
10,800 00
14,150 00
10,642 50
10,506 50
10,695 00
1,083 75
10,867 80
2,641 25
4,213 80
5,408 50
5,100 00
4,352 40
5,351 00
6,750 00
10,600 00
10,000 00
26,000 00
5,040 00
10,000 00
5,000 00
8,160 00
10,500 00
8,640 00
20,602 50
2,361 90
120 00
5,000 00
3,325 00
$314,086 90 #332,341 90
GRANITE STATE FIRE INSURANCE CO.
241
Securities held as collateral for cash loans : —
40 shares Indian Head N'l B'k, Nashua, N. H ,
Portsmouth, Gt. Falls & Conway R.R. bonds, .
Market Value. Loaned Thereon.
$3,200 00
1,150 00
$4,000 00
$4,350 00 $4,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Loans on collateral security, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued* .
Premiums in course of collection (gross),
Paid losses reinsured,
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ......
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, . . . . . .
Net collected, . . . . .
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
31, 1897.
. $26,800 00
31,047 51
475 15
332,341 90
4,000 00
2,137 83
41,548 92
1,993 43
45,307 68
134 30
$6,754 52
15,585 75
5,500 00
$27,840 27
4,223 96
$23,616 31
180,218 78
7,682 15
3,372 33
10,652 41
$42,910 00
258 47
$12^55 1 53
407,180 30
$449,831 83
45.307 68
$404,524 15
90.308 80
$485,786 72
225,541 98
$260,244 74
200,000 00
,244 74
$314,215 35
* Value of lands mortgaged, . . .
Value of buildings thereon, .
Amount of insurance held as collateral,
$57,700 00
16,500 00
25,300 00
242
THE GREENWICH INSURANCE CO.
Interest received on mortgages, ...... f 563 03
Interest and dividends received from all other sources, . . 13,162 50
Income from rents, 897 22
Gross cash income, ........ $328,838 10
Expenditures.
Cash paid for (ire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
$180,428 86
28,588 47
$151,840 39
12,000 00
61,108 36
10,026 00
5,719 97
25,286 64
$265,981 36
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums,
. $36,927,849 00 $449,684 02
. 30,949,284 00 407,180 30
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$67,877,133 00 $856,864 32
. 29,226,593 00 391,932 16
. $38,650,540 00 $464,932 16
. 11,199,362 00 127,872 75
.$27,451,178 00 $337,059 41
Miscellaneous.
Premiums received from organization of company, . . . $5,622,985 00
Losses paid from organization of company, .... 2,502,164 00
Fire losses incurred during the year, . . . . . 154,111 00
Cash dividends declared from organization of company, . 96,000 00
Dividends declared during the year (6 per cent.), . . . 12,000 00
Company's stock owned by directors, 125,600 00
"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.]
Paid-up Capital, $200,000.
MASON A. STONE, President. WALTER B. WARD, Ass't Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . $46,500 00 $52,080 00
District of Columbia bonds, .... 125,00000 1-42,50000
Harlem River & Port Chester R.R. bonds, . 10,000 00 10,800 00
THE GREENWICH INSURANCE CO.
243
Albany & Susquehanna R.R. bonds,
The Oswego & Syracuse R.R Co. bonds,
Buffalo & Erie R.R. bonds, ....
State of Georgia bonds, . . .
Rome, Watertown & Ogdensburg R.R. bonds,
The Central of Georgia R'y Co. bonds, .
Consolidated Gas Co of New York stock,
Rensselaer & Saratoga R.R. Co. stock,
The Valley R.R. Co. stock, ....
National Broadway Bank stock, .
Delaware & Hudson Canal Co. stock,
New York, Lack. & Western R.R. stock, .
Chicago & Northwestern R'y Co. stock, .
Chicago, Milwaukee & St. Paul R'y Co. stock,
St. Paul, Minn. & Manitoba R'y Co. stock,
Par Value.
$80,000 00
53,000 00
9,500 00
25,000 00
5,000 00
25,000 00
100,000 00
60,000 00
35,000 00
17,500 00
60,000 00
25,000 00
30,000 00
50,000 00
40,000 00
Market Value.
$92,000 00
57,240 00
9,500 00
25,000 00
6,050 00
23,750 00
176,000 00
105,600 00
38,500 00
39,375 00
67,200 00
29,500 00
48,600 00
71,000 00
49,200 00
$796,500 00 $1,043,895 00
Securities held as collateral for cash loans : —
50 shares Bowery Bank stock, ....
Market Value. Loaned Thereon.
$12,000 00 $5,000 00
Summary of Assets Dec. 31, 1897,
Cash value of unencumbered real estate, . $200,000 00
Stocks and bonds, as per schedule, . . . 1,043,895 00
Loans on collateral security, as per schedule, . 5,000 00
Cash in the office of the company, . „ . 5,187 46
Cash deposited in bank, ..... 61,874 28
Interest due and accrued, ..... 437 50
Premiums in course of collection (gross), . 146,275 73
Notes taken for marine and inland risks, . 22,015 54
Prem's more than three mos due, . $12,456 28
Gross assets,
Deduct special deposits in other States, .
Balance, . . . .
fl,484,685 51
36,200 00
fl,448,485 51
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
$6,649 53
122,841 89
40,039 84
$169,531 26
13,890 93
Net amount of unpaid losses, .
$155,640 33
244
THE GREENWICH INSURANCE CO.
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
State and local taxes,
Reinsurance disallowed, .
Commissions and brokerage,
Return premiums,
Miscellaneous, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
$687,544 51
931 50
5,000 00
16,462 28
27,500 00
9,583 50
6,753 40
,415 52
24,336 31
$885,079 21
Surplus over capital, .
. $563,406 30
200,000 00
. $363,406 30
Income.
Fire premiums outstanding Dec. 31, 1896, . $159,879 13
Same not collected, ...... 37,005 44
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash tire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, .
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
!122,873 69
964,565 83
$1,087,439 52
154,509 23
$932,930 29
189,314 47
$7,211 72
462 60
$6,749 12
154,696 80
$161,445 92
9,222 78
$743,615 82
Entire premiums collected, .
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources
Income from rents, ......
Taxes refunded, ......
$152,223 14
12,922 97
139,300 17
40,854 17
16,937 52
4,765 44
Gross cash income, .
$945,473 12
THE GREENWICH INSURANCE CO.
245
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ,
$435,846 88
39,418 93
,100 40
19,122 32
$396,427 95
76,978 08
20,000 00
167,334 54
105,111 39
14,820 38
92,144 31
Gross cash expenditures,
$872,816 65
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
$234,560,433 00
127,628,414 00
Premiums.
$1,432,213 09
964,565 83
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$362,188,847 00
139,076,041 00
$223,112,806 00
19,742,140 00
^2,396,778 92
1,067,056 69
11,329,722 23
130,091 80
$203,370,666 00 $1,199,630 43
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
. $1,998,488 00
. 44,503,809 00
,850 65
154,696 80
Total,.
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $46,502,297 00
. 43,631,386 00
. $2,870,911 00
112,700 00
. $2,758,211 00
$220,547 45
128,344 47
$92,202 98
3,409 79
,793 19
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$18,349,623 00
11,193,528 00
413,427 00
112,567 00
2,128,000 00
20,000 00
81,875 00
246
HANOVER FIRE INSURANCE CO.
"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1852. Commenced business April, 1852.]
Paid-up Capital, $1,000,000.
I. REMSEN LANE, President. CHARLES L. ROE, Secretary.
Detailed Statement of Stocks
United States bonds,
State of Georgia bonds,
City of Richmond, Va., bonds, .
Flint & Pere Marquette R.R. bonds,
Cincinnati & Springfield R'y bonds,
Central Railroad Co. of New Jersey bonds,
Milwaukee and Northern R.R. bonds,
Chicago, Milwaukee & St. Paul R'y bonds,
Pennsylvania Company bonds,
Flint & Pere Marquette R.R. bonds, .
Chicago, Burlington & Quincy R.R bonds,
N. Y., New Haven & Hart. R.R. certificates,
Gin., Indianapolis, St. Louis & Chic. R'y bonds
Brooklyn City R.R. bonds,
Lehigh Valley Terminal Co. bonds,
Chicago, Rock Island & Pacific R'y bonds,
Atchison, Topeka & Santa Fe R'y bonds,
Erie R.R. Co. prior lien bonds, .
N Y., Susquehanna & Western R.R. bonds,
Chic. Indianapolis & Louisville R'y bonds,
Columbus & Ninth Ave. (N. Y.) R.R. bonds
New York city water stock,
New York city bonds, ....
100 shares Rensselaer & Saratoga R.R.,
340 '
220
210
500
1,000 '
300
350
191
500
400
2,600
450
500
100
220
350
Rome, Watert'n & Ogdensb. R R.,
Chicago, Burl. & Quincy R.R.,
Chic, Rock Island & Pacific R'y,
Chicago & Northwestern R'y,
N Y. Cent. & Hudson River R.R.
St. Paul, Minn. & Manitoba R'y,
Chicago & Northwestern R'y,
Syracuse, Bing. & N. Y. R.R.,
Cleve., Cin., Chic. & St. Louis R'y
Lake Shore & Mich. South. R'y,
Pennsylvania R.R. Co.,.
Chic, Milwaukee & St. Paul R'y,
Beech Creek Railroad Co., .
Chicago & Alton R.R., .
Illinois Central Railroad,
Pittsb'gh, F't Wayne & Chi. R.R.,
and Bonds.
Par Value.
|73,000 00
25,000 00
50,000 00
30,000 00
19,000 00
100,000 00
5,000 00
20,000 00
36,000 00
30,000 00
25,000 00
50,000 00
25,000 00
25,000 00
20,000 00
20,000 00
55,000 00
50,000 00
25,000 00
15,000 00
10,000 00
160,000 00
175,000 00
10,000 00
34,000 00
22,000 00
21,000 00
50,000 00
100,000 00
30,000 00
35,000 00
19,100 00
50,000 00
40,000 00
130,000 00
45,000 00
25,000 00
10,000 00
22,000 00
35,000 00
Market Value.
$80,130 00
28,500 00
55,500 00
34,050 00
20,995 50
110,000 00
6,100 00
22,800 00
40,140 00
25,800 00
25,375 00
72,000 00
25,125 00
28,500 00
22,300 00
21,025 00
49,362 50
45,500 00
27,000 00
14,000 00
12,025 00
160,000 00
175,000 00
17,600 00
41,140 00
21,835 00
18,873 75
60,687 50
106,000 00
36,300 00
57,050 00
31,515 00
40,000 00
68,400 00
148,850 00
64,125 00
24,875 00
16,250 00
20,130 00
58,975 00
HANOVER FIRE INSURANCE CO.
247
200 shares Erie & Pittsburgh R.R., .
200 " Pittsb'gh, McKeesp't & Yough'y,
150 " Morris & Essex R.R.,
7 " Chic., Ind. & Louisville R'y, .
75 " Metropolitan National Bank, .
150 " American Exchange Nat 1 ! Bank,
36 " Western Nat'l Bank, New York,
75 " The Bank of America,
500 " Consolidated Gas Co., New York,
550 " Western Union Telegraph Co.,
Par Value.
$10,000 00
10,000 00
7,500 00
700 00
7,500 00
15,000 00
3,600 00
7,500 00
50,000 00
55,000 00
Market Value .
$13,800 00
13,500 00
12,600 00
203 00
75 00
25,500 00
4,680 00
25,500 00
88,000 00
50,256 25
$1,887,900 00 $2,167,948 50
Securities held as collateral for cash loans : —
Brooklyn City R.R. bonds, . . .
Flint & Pere Marquette R.R. bonds,
20 shares Western Union Telegraph Co.,
Chic, Rock Island & Pacific R'y bonds, .
Texas & Pacific R'y Co. bond, .
Market Value. Loaned Thereon.
$1,140 00^
1,720 00
1,827 50
1,051 25
970 00
$4,000 00
1,500 00
>,708 75 $5,500 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents, .......
Due for reinsured losses paid, . .
Preni's more than three mos. due, $4,612 76
Gross assets, ......
Deduct special deposits in other States, .
$450,000 00
7,000 00
29 16
2,167,948 50
5,500 00
16,189 80
83,256 92
17,606 25
245,899 60
871 12
3,155 65
Balance,
$2,997,457 00
81,150 00
$2,916,307 00
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Liabilities.
$105,062 58
79,111 77
43,042 52
$227,216 87
11,264 52
$215,952 35
* Value of lands mortgaged, .
Value of buildings thereon, '■
Amount of insurance held as collateral,
$4,500 00
11,000 00
7,000 00
248
HANOVER FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$1,165,983 47
42,005 23
i
f 1,423,941 05
42,787 53
11,381,153 52
(1,535,153 48
1,000,000 00
$535,153 48
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, .....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
$177,513 46
4,352 08
$173,161 38
1,796,592 61
f 1,969,753 99
250,512 36
$1,719,241 63
296,916 32
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interest received on mortgages, .
Interest and dividends received from all other sources, .
Income from rents,
,422,325 31
350 00
84,019 31
14,325 54
Gross cash income, ........ $1,521,020 16
EXPENDITU RES.
Cash paid for fire losses,
Deduct salvage and reinsurance, . . .
Net cash paid for fire losses, . . . , —
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
Risks and Premiums.
$766,850 43
45,071 83
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$204,753,128 00
157,078,712 00
1361,831,840 00
151,344,072 00
1210,487,768 00
9,928,828 00
$721,778 60
80,000 00
259,557 94
143,412 23
31,916 51
130,815 50
1,367,480 78
Premiums.
$2,337,375 13
1,796,592 61
$4,133,967 74
1,770,623 04
$2,363,314 70
107,191 87
$200,558,940 00 $2,256,152 83
HARTFORD FIRE INSURANCE CO.
249
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .
531,803,937 00
17,886,094 00
793,114 00
2,629,500 00
80,000 00
94,500 00
"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1810. Commenced business August, 1810.]
Paid-up Capital, $1,250,000.
GEORGE L. CHASE, President. P. C. ROYCE, Secretary,
315 shares
300
u
200
u
166
i«
100
(C
274
It
122
It
172
it
556
tt
150
tt
40
tt
467
tt
100
tt
200
tt
150
tt
100
tt
300
tt
200
tt
334
tt
225
tt
100
tt
39
tt
70
tt
125
tt
100
tt
24
tt
32
tt
109
tt
50
tt
150
tt
434
tt
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
JEtna National Bank, Hartford, . S3 1,500 00 $45,675 00
American Nat'l Bank, Hartford, . 15,000 00 21,600 00
Charter Oak Nat'l B'k, Hartford, 20,000 00 20,000 00
City Bank, Hartford, . . . 16,600 00 17,928 00
Conn. River B'k'g Co., Hartford, . 3,000 00 3,500 00
Conn.TrustandSafeDep.Co.,Ht., 27,400 00 46,580 00
Farm. & Mech. N'l. B'k, Hartford, 12,200 00 14,030 00
First National Bank, Hartford, . 17,200 00 19,780 00
Hartford Nat'l Bank, Hartford, . 55,600 00 77,840 00
Mercantile Nat'l Bank, Hartford, 7,500 00 6,000 00
Nat'l Exchange Bank, Hartford, . 2,000 00 2,600 00
Phoenix National Bank, Hartford, 46,700 00 58,375 00
State Bank, Hartford, . . . 10,000 00 11,300 00
American Ex. Nat'l Bank, N. Y., . 20,000 00 34,800 00
Bank of America, New York, . 15,000 00 52,500 00
Bank of North America, N. Y., . 7,000 00 9,520 00
Imp. and Traders' N'l B'k, N. Y., 30,000 00 165,000 00
Manhattan Co. Bank, New York, 10,000 00 22,500 00
Merchants' National Bank, N. Y., 16,700 00 24,382 00
Metropolitan Nat'l Bank, N. Y., . 22,500 00 1,500 00
Nat'l Bank of Commerce, N. Y., . 10,000 00 20,800 00
Atlantic National Bank, Boston, . 3,900 00 4,143 75
Blackstone Nat'l Bank, Boston, . 7,000 00 5,950 00
Boylston National Bank, Boston,. 12,500 00 14,875 00
First National Bank, Boston, . 10,000 00 22,500 00
Hide & Leather N'l Bank, Boston, 2,400 00 2,472 00
Nat'l B'k of Commerce, Boston, . 3,200 00 3,360 00
Second National Bank, Boston, . 10,900 00 19,184 00
First National Bank, Albany, . 5,000 00 7,650 00
Bank of Montreal, Montreal, . 30,000 00 70,500 00
Ontario Bank, Bowmanyille, . 4,333 33 4,333 00
250
HARTFORD FIRE INSURANCE CO.
710 shares Chicago, Burl. & Quincy R.R.,
770 " Chic, Milwaukee & St. Paul R.R.
1,050 " Chicago & Northwestern R.R.,
220 " Chic , Rock Island & Pacific R.R.
1,000 " Conn. & Passumpsic Rivers R.R,
120 " Connecticut River Co.,
20 " Connecticut River R.R. Co., .
500 " N. Y. Cent. & Hudson River R R.
1,875 " N. Y., N. H. & Hartford R.R.,
500 " Northwestern Telegraph Co.,
200 " Union Pacific R R. Co.,
500 " N. Y., Lack. & Western R.R.,
Albany & Susquehanna R R. bonds,
Alabama State bonds, ....
Brooklyn Wharf and Warehouse Co. bonds,
Baltimore & Ohio R.R. receiver's certificates
Baltimore Belt R.R. bonds,
Belt R.R. and Stock Y'ds bonds of Indianapolis
Canadian Pacific R.R. bonds, .
Chicago & Western Indiana R.R. bonds, .
Chicago & Northwestern R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Great Western R.R. bonds, .
Chicago, Milwaukee & St. Paul bonds, .
Chicago & Erie R.R. bonds,
Chicago, Rock Island & Pacific R.R. bonds,
Cincinnati, Ind., St. Louis & Chic. R.R. bonds
Cincinnati, Hamilton & Dayton R R. bonds,
Cleveland, Cin., Chic. & St. Louis bonds,
Cleveland, Columbus, Cin. & Ind. R.R. bonds
Connecticut River R.R. bonds, .
Central R.R. of New Jersey bonds, .
Dayton & Michigan R.R. bonds,
Detroit, Grand Rapids & Western bonds,
Easton & Amboy R.R. bonds, .
Georgia State bonds, ....
Harlem River & Port Chester R.R. bonds,
Hartford Street Railway Co. bonds, .
Housatonic R.R. rolling stock certificates,
Indianapolis & Vincennes R.R. bonds,
Iowa Falls & Sioux City R.R. bonds,
Jefferson R R. bonds, ....
Lake Shore & Michigan Southern R.R. bonds
Lehigh Valley R R. bonds,
Lehigh Valley R.R. of New York bonds,
Minneapolis Union R.R. bonds,
Milwaukee & St. Paul R.R. bonds, .
Montreal Corporation bonds, .
Par Value.
$ 7 1,000 00
77,000 00
105,000 00
22,000 00
100,000 00
12,000 00
2,000 00
50,000 00
187,500 00
25,000 00
20,000 00
50,000 00
50,000 00
10,000 00
150,000 00
100,000 00
100,000 00
84,000 00
48,666 00
356,000 00
146,000 00
61,600 00
43,000 00
100,000 00
100,000 00
50,000 00
119,000 00
55,000 00
270,000 00
58,000 00
1,000 00
150,000 00
60,000 00
41,000 00
150,000 00
25,000 00
50,000 00
100,000 00
100,000 00
68,000 00
100,000 00
50,000 00
110,000 00
250,000 00
150,000 00
50,000 00
63,000 00
62,500 00
Market Value.
$71,000 00
90,725 00
135,650 00
20,020 00
105,000 00
3,000 00
5,000 00
53,500 00
343,125 00
28,750 00
5,200 00
60.000 00
63,750 00
10,400 00
150,000 00
103,000 00
80.000 00
100,800 00
58,400 00
420,060 00
164,400 00
64,611 00
47,730 00
133,000 00
111,000 00
53,750 00
142,800 00
65,450 00
253,000 00
63,300 00
1,000 00
169,500 00
66,000 00
29,520 00
165,000 00
26,000 00
56,000 00
102,000 00
102,000 00
83,300 00
137,500 00
53,500 00
133,650 00
281,750 00
155,250 00
63,000 00
64,890 00
62,500 00
HARTFORD FIRE INSURANCE CO.
251
Par Value.
$21,100 00
50,000 00
50,000 00
20,000 00
80,000 00
50,000 00
50,000 00
75,000 00
100,000 00
75,000 00
50,000 00
52,500 00
86,000 00
50,000 00
75,000 00
12,000 00
100,000 00
Market Value.
$20,620 00
57,750 00
54,000 00
20,400 00
76,400 00
55,000 00
61,500 00
108,750 00
110,000 00
87,750 00
53,500 00
52,500 00
110,940 00
57,000 00
82,500 00
12,000 00
111,000 00
$5,684,999 33 $6,724,568 75
Market Value, Loaned Thereon.
Minnesota State warrants,
Milwaukee, Lake Shore & Western R.R. bonds
Nashville and Decatur bonds, .
New Brunswick, N. J., city bonds, .
Northern Pacific R R. bonds, .
N. Y. Central & Hudson River R.R. bonds,
New York & New England R.R. bonds, .
N. Y., New Haven & Hartford R.R. certificates,
Pittsburgh, Cincinnati & St. Louis R.R, bonds,
Philadelphia & Reading R.R. bonds,
Port Reading R.R. bonds, .
Richmond, Va , city bonds, . . . .
St Paul & Northern Pacific R.R. bonds, ,
St. Louis & San Francisco R.R. bonds,
Terminal R'y Association of St. Louis bonds, .
Topeka, Kansas, Internal Imp. Sewer bonds, .
West Shore R.R. bonds,
Securities held as collateral for cash loans : -
30 shares Chicago & Northwestern R.R., ,
64 " Billings & Spencer, ....
90 " Pennsylvania R.R. Co., .
32 " Hart. Steam Boiler & Inspection Co.,
Brooklyn Wharf & Warehouse Co bond,
New York, New Haven & Hartford R.R.,
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*) ,
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule, .
Cash deposited in bank,
Interest due and accrued,
Premiums in course of collection (gross),
Rents, ........
Gross assets,
Deduct special deposits in other States, .
Balance, $10,629,998 64
* Value of lands mortgaged, . ' . . . . . . $1,200,000 00
Value of buildings thereon 2,635,075 00
Amount of insurance held as collaterals .... 893,578 00
$4,920 00
$3,800 00
2,432 00
1,000 00
5,130 00 ]
2,080 00 1
10,000 00
1,000 00 j
2,900 00 J
$18,462 00
$14,800 00
31, 1897.
1647,000 00
1,554,590 00
28,938 49
6,724,568 75
14,800 00
815,769 49
56 75
1,234,873 72
1,034 44
ftl 1 A01 £Q1 RA
qpu
L,Uai,UUl W^C
.
391,633 00
252
HARTFORD FIRE INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
$147,326 26
290,967 85
72,455 28
4,789,531 24
185,231 05
$5,485,511 68
189,114 40
- $5,296,397 28
. $5,333,601 36
. 1,250,000 00
Surplus over capital, .
. $4,083,601 36
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
$1,200,243 34
2,964 87
$1,197,278 47
7,324,876 43
$8,522,154 90
1,234,873 72
$7,287,281 18
1,575,897 61
sources,
^5,711,383 57
71,498 19
318,757 65
6,735 35
^6,108,374 76
Expenditures.
Cash paid for fire losses, . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
1,510,161 64
297,542 19
1,212,619 45
375,000 00
903,621 37
434,730 37
127,663 34
506,383 49
Gross cash expenditures,
. $5,560,018 02
HOME INSURANCE CO.
253
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$805,263,305 00 $9,821,107 65
595,427,729 00 7,324,876 43
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
$1,400,691,034 00 $17,145,984 08
598,934,881 00 7,489,931 60
1,756,153 00 $9,656,052 48
5,826,471 00 76,990 00
$795,929,682 00 $9,579,062 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (30 per cent.),
Company's stock owned by directors, ....
$95,276,908 00
56,038,185 00
3,198,720 00
8,738,100 00
375,000 00
186,900 00
"HOME INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April, 1853. Commenced business April 13, 1853.]
Paid-up Capital, $3,000,000.
WILLIAM L. BIGELOW,
THOMAS B. GREENE,
DANIEL A. HEALD, President.
Secretaries,
Detailed Statement of Stocks and Bonds,
Par Value. Market Value.
United States bonds, ..... $500,000 00 $566,425 00
District of Columbia bonds, .... 1,000,000 00 1,150,000 00
State of Georgia bonds, ..... 25,000 00 25,000 00
New York city bonds, ..... 605,000 00 608,025 00
City of Richmond, Va., bonds, .... 50,000 00 50,000 00
Topeka C*ty, Kan , internal imp. bonds, . . 33,283 19 34,281 69
City of Greely, Col., water bonds, . . . 25,000 00 25,000 00
West Chicago Park warrants, .... 147,500 00 147,500 00
The Ann Arbor R.R. Co. bonds, . . . 200,000 00 167,000 00
New York, Chicago & St. Louis R R. bonds, . 112,000 00 119,000 00
N. Y. Central & Hudson River R.R. bonds, . 100,000 00 115,500 00
New York & Harlem R.R. bonds, . . . 100,000 00 109,000 00
Ohio & West Virginia Railway Co. bonds, . 100,000 00 110,000 00
Peoria, Decatur & Evansville Railway bonds, . 90,000 00 85,500 00
Cleve., Col., Cin. & Indianapolis R.R. bonds, . 100,000 00 130,000 00
Louisville, New Albany & Chic. R'y Co. bonds, 100,000 00 112,000 00
West Shore Railway bonds 100,000 00 109,000 00
Albemarle & Chesapeake Canal Co. bonds, . 110,000 00 116,600 00
Jeffer'ville, Madison & Indianapolis R.R. b'ds, 90,000 00 101,250 00
Dunkirk, Warren & Pittsburgh R'y Co. bonds, 100,000 00 106,000 00
254
HOME INSURANCE CO.
Chic, St Paul, Minn. & Omaha R'y Co. bonds
Cleveland Terminal & Valley R.R. Co. bonds
Louisville, Henderson & St Louis R'y Co. b'ds
Virginia Midland Railway Co. bonds,
Standard Gas Light Co. bonds,
Des Moines Water Works Co. of Iowa bonds,
Denver Union Water Co. bonds,
Streator, 111., Aqueduct Co. bonds, .
5,000 shares Morris & Essex R R , .
3,500 " Chic., Mil. & St. Paul R'y Co.,
2,500 " United N. J. R.R. & Canal Co.,
2,500 " Pitts., Ft. Wayne & Chic. R'y Co.
5,000 " Pennsylvania R.R. Co , .
1,000 " Fort Wayne & Jackson R.R.,
1,000 " Chic, St. P., Minn. & Omaha R'y
1,000 " Rensselaer & Saratoga R.R.,
200 " Lake Shore & Mich. So'n R'y Co
1,000 " Connecticut River R'y Co., .
1,000 " Chicago & Northwestern R.R.,
428 " New York & Harlem R.R. Co.,
763 " Standard Gas Light Co ,
400 " National Broadway Bank, .
200 " American Ex. Nat'l Bank, N. Y.,
200 " Mercantile National Bank, N. Y
200 " Nat'l Bank of Commerce, N. Y.,
200 " Manhattan Co., N. Y., .
200 " Merchants' Ex. Nat'l Bank, N. Y.
200 " Nassau Bank,
200 " Chatham National Bank, N.Y.,
200 " Nat'l Bute & Drovers' B'k, N. Y.
200 " Fourth National Bank, N e Y.,
100 " Bank of America, N. Y.,
100 " Hanover National Bank, N. Y.,
100 " National Bank of the Republic,
200 " Holland Trust Co.,
200 " Franklin Trust Co., Brooklyn,
100 " Long Island Loan and Trust Co.
50 " Metropolitan Trust Co ,
Securities held as collateral for cash loans : —
Northern Pacific Railway Co. bonds,
Seattle, Lake Shore & Eastern R.R. bonds,
Des Moines & Ft. Dodge R.R. bonds,
460 shares National Bank of North America, .
Des Moines & Ft. Dodge R.R. bonds,
Portsmouth & Suffolk Water Co. of Va bonds,
Denver Union Water Co. bonds,
Par Value.
$50,000 00
50,000 00
25,000 00
50,000 00
50,000 00
50,000 00
48,000 00
10,000 00
250,000 00
350,000 00
250,000 00
250,000 00
250,000 00
100,000 00
100,000 00
100,000 00
20,000 00
100,000 00
100,000 00
21,400 00
76,300 00
10,000 00
20,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
5,000 00
5,000 00
20,000 00
10,000 00
10,000 00
10,000 00
20,000 00
20,000 00
10,000 00
5,000 00
Market Value.
$67,875 00
39,000 00
20,500 00
51,750 00
57,500 00
37,500 00
36,000 00
10,000 00
425,000 00
451,375 00
625,000 00
421,250 00
286,250 00
126,000 00
151,000 00
180,000 00
34,200 00
250,000 00
163,000 00
69,550 00
104,190 00
22,500 00
34,000 00
33,600 00
41,000 00
23,000 00
11,700 00
15,000 00
14,500 00
5,000 00
36,000 00
34,000 00
36,500 00
15,500 00
*16,000 00
46,000 00
22,500 00
15,500 00
1,203,483 19 $8,016,321 69
Market Value.
f 1,525 00
2,000 00
37,950 00
43,470 00
6,900 00
2,500 00
4,500 00
Loaned Thereon.
$1,800 00
25,000 00
37,800 00
5,000 00
3,000 00
HOME INSURANCE CO.
255
37 shares Western Union Telegraph Co.,
100 " National Bank of North America,
358 " Georgia RR.& Banking Co., .
Dakota & Great Southern R'y Co. bonds,
Des Moines & Ft. Dodge R.R. bonds,
Des Moines Union Railway Co. bonds,
11 shares National Bank of North America,
33 " Rutgers 1 Fire Insurance Co., .
7 " Illinois Central R.R.,
1 share United States Trust Co., .
200 shares Chic, St. Paul, Minn. & Omaha,
50 " National Bank of Commerce, .
5 " Continental National Bank, .
Iowa Falls & Sioux City R.R. bonds,
Chic , Wisconsin & Minnesota R.R, bonds,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liensf )
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, . $1,091 37
Gross assets, .....
Deduct special deposits in other States, .
Market Value.
$3,367 00
9,450 00
60,860 00
2,270 00
3,450 00
1,860 00
1.039 501
1,051 87 f
726 25 -
1,136 50 j
15,500 00
10,250 00
650 00
1,275 00 (
2.040 00 <
Loaned Thereon.
$1,300 00
6,500 00
35,000 00
1,250 00
3,500 00
3,000 00
5,500 00
5,500 00
575 00
2,000 00
Balance,
$213,771 12 $ 136,725 00
31, 1897.*
$1,744,014 55
325,612 33
7,766 00
8,016,321 69
136,725 00
554,222 51
49,089 34
792,100 84
2,295 71
$11,628,147 97
132,500 00
$11,495,647 97
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$90,293 32
586,417 03
51,614 70
$728,325 05
307,574 00
$420,751 05
* The company holds, also, instalment premium notes to the amount of $704,263.62, which
do not enter into nor form any part of the assets of the company, as no portion of them is earned.
Whatever value is attached to them would necessarily be counterbalanced by the addition of an
amount exactly equal to the reinsurance liability, the entire sum consisting of "unearned pre-
miums."
f Value of lands mortgaged $513,500 00
Value of buildings thereon 293,750 00
Amount of insurance held as collateral, .... 199,60000
256
HOME INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, . . . . .
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, ,.
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
$4,340,112 00
35,530 78
150,333 63
34,149 26
$4,980,876 72
96,360 00
Total
Premiums now in course of collection,
$871,891 58
5,660,254 63
f 6,532,146 21
744,112 38
55,788,033 83
1,415,297 19
$50,920 57
310,590 45
$361,511 02
51,375 54
Entire premiums collected, .... $310,135 48
Less reinsurance and return premiums, . . 118,379 94
Net cash marine premiums received,
Interest received on mortgages, .....
Interest and dividends received from all other sources, .
Income from rents, . . . . . . . .
Gross cash income, .
Expenditures.
Cash paid for fire losses, . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Gross cash expenditures, .
2,699,459 67
575,468 57
$129,782 34
50,376 91
^,884,516 72
(6,611,131 25
3,000,000 00
$,611,131 25
1,372,736 64
191,755 54
22,730 15
353,413 75
163,927 34
1,104,563 42
,123,991 10
79,405 43
300,000 00
829,582 36
405,028 30
103,363 51
395,319 27
t,236,689 97
HOME MUTUAL INSURANCE CO.
257
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
f964,583,275 00
6 45,382,199 00
$1,609,965,474 00
643,527,150 00
$966,438,324 00
104,468,585 00
Piemiums.
$9,355,664 00
5,660,254 63
(15,015,918 63
5,843,957 63
19,171,961 00
539,413 00
1,969,739 00 f 8,632,548 00
|9,981,334 00
74,065,847 00
f84,017,181 00
73,227,736 00
$10,819,445 00
2,552,621 00
$221,095 00
310,590 45
$531,685 45
292,138 45
$239,547 00
53,838 00
1,266,824 00 $185,709 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
120,302,470 00
71,728,522 00
2,107,449 00
94,734 00
10,315,000 00
300,000 00
115,600 00
" HOME MUTUAL INSURANCE COMPANY, 11 SAN FRANCISCO, CAL.
[Incorporated September, 1864. Commenced business 1864.]
Paid-up Capital, $300,000.
. WM. J. BUTTON, President. STEPHEN" D. IVES, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
San Bernardino Co. school district bonds, . $3,300 00 $3,300 00
Los Angeles Co. school district bonds, . . 1,000 00 1,000 00
Dallas City (Oregon) Water Co bonds, . . 10,000 00 10,850 00
Market Street Cable Railway bonds, . . 31,000 00 35,030 00
Oakland Gas Light & Heat Co. bonds, . . 5,000 00 5,550 00
258
HOME MUTUAL INSURANCE CO.
Stockton Gas & Electric Co bonds, .
Blaine County, Idaho, bonds, .
50 shares Farm. & Merch. Savings Bank,
100 " California Safe Dep. & Trust Co ,
20 " Bank of California, .
200 " Oakland Gas Light & Heat Co.,
20 " First Nat'l Bank, San Francisco,
490 " San Francisco Gas & Electric Co., .
490 " San Francisco Gas Co., .
270 " Market Street Railway Co., .
1 share So. San Francisco Dock Co.,
50 shares San Jose Water Co.,
Securities held as collateral for cash loans : —
600 shares Sutter Street R.R. Co., .
100 " California Dry Dock Co.,
20 " Spring Valley Water Co.,
100 " Union Savings B'k, San Jose, Cal ,
Par Value.
$5,000 00
200 00
5,000 00
10,000 00
2,000 00
13,200 00
2,000 00
49,000 00
1,470 00
13,500 00
1,000 00
5,000 00
Market Value.
$5,100 00
200 00
5,500 00
9,900 00
4,950 00
11,000 00
3,800 00
46,550 00
1,470 00
14,175 00
500 00
4,600 00
$157,670 00 $163,475 00
Market Value. Loaned Thereon.
$60,000 00
3,750 00
1,880 00
3,000 00
$33,000 00
500 00
1,500 00
1,500 00
f 68,630 00 $36,500 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets, . .
Deduct special deposits in other States, .
Balance, $873,286 20
31, 1897.
$306,200 00
269,266 00
3,276 20
163,475 00
36,500 00
75,508 45
166 60
61,781 68
7,962 27
$924,136 20
50,850 00
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
$3,991 95
11,810 43
$15,802 38
635 00
$15,167 38
* Value of lands mortgaged 8
Value of buildings thereon,
Amount of insurance held as collateral,
$513,175 00
197,250 00
127,750 00
HOME MUTUAL INSURANCE CO.
259
Unearned premiums on outstanding risks, . $246,689 90
Commissions and brokerage, .... 10,401 87
Reinsurance disallowed, 6,783 39
Gross liabilities, except capital, . . $279,042 54
Deduct liability on special deposits, . . 19,479 56
Surplus as regards policy holders, .
Paid-up capital, . . .
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896, . $57,026 00
Premiums on risks written or renewed, . . 439,525 01
Total,. . $496,551 01
Premiums now in course of collection, . . 56,658 75
Entire premiums collected, .... $439,892 26
Less reinsurance and return premiums, . . 121,828 78
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896, . $17,038 33
Premiums on risks written or renewed, . . 50,292 03
Total, |67,330 36
Premiums now in course of collection, . . 13,085 20
Entire premiums collected, .... $54,245 16
Less reinsurance and return premiums, . . 14,665 11
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, .
Profit on sale of securities,
Gross cash income, . .
Expenditures
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Gross cash expenditures, .
5210,444 89
67,551 93
,703 92
10,654 84
$259,562 98
$613,723 22
300,000 00
$313,723 22
$318,063 48
39,580 05
27,747 29
9,597 41
11,861 90
11,950 17
$418,800 30
$142,892 96
26,049 08
36,000 00
63,811 55
49,801 49
4,031 90
40,724 68
$363,311 66
260 THE HOWARD FIRE INSURANCE CO. OF BALTIMORE.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,. .....
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
132,812,380 00
32,141,771 00
$64,954,151 00
26,198,251 00
,755,900 00
3,145,255 00
$35,610,645 00
$721,724 00
1,882,424 00
$2,604,148 00
2,018,934 00
$585,214 00
76,695 00
Premiums.
$427,952 45.
439,525 01
,477 46
360,933 17
$506,544 29
46,510 86
$460,033 43
$35,805 40
50,292 03
097 43
56,252 72
$29,844 71
4,440 73
$508,519 00 $25,403 98
Miscellaneous.
Premiums received from organization of company, , . $9,689,274 00
Losses paid from organization of company, .... 4,396,895 00
Fire losses incurred during the 3 ear, . . . . . 143,879 00
Marine and inland losses incurred during the year, . . 25,300 00
Cash dividends declared from organization of company, ■. 948,500 00
Dividends declared during the year (12 per cent.), . . 36,000 00
Company's stock owned by directors, ..... 14,000 00
"PRESIDENT AND DIRECTORS OF THE HOWARD FIRE INSUR-
ANCE COMPANY OF BALTIMORE," BALTIMORE, MD.
[Incorporated March, 1856. Commenced business June, 1856 ]
Paid-up Capital, $200,000.
WM. ORTWINE, President. M. LEWIN BE WES, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Baltimore city bonds, . $ 145,200 00 $151,896 00
United States bonds, ...... 18,000 00 23,017 50
Maryland State bonds, . 2,000 00 1,980 00
Baltimore & Ohio R R. bonds, .... 2,000 00 2,045 00
Louisville city bond, 5,000 00 5,750 00
Louisville water bonds, . 5,000 00 5,200 00
Georgia, Carolina & Nor. R.R. bonds, . . 5,000 00 4,612 50
Cape Fear & Yadkin Valley bonds, . . 3,000 00 2,160 00
THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 261
Potomac Valley Railroad bonds,
Western No. Carolina R.R. bonds, .
Southern Railway bonds, .
210 shares Northern Central Railway,
625 " National Mechanics 1 Bank,
100 " Western National Bank, .
200 " National Bank of Commerce,
50 " National Howard Bank, .
Par Value.
$6,000 00
5,000 00
5,000 00
10,500 00
6,250 00
2,000 00
3,000 00
500 00
Market Value.
$5,400 00
5,731 25
4,750 00
16,800 00
11,406 25
3,987 50
3,450 00
531 75
$223,450 00 $248,717 75
Securities held as collateral for cash loans : —
Market Value.
Loaned on company's own stock,
Summary op Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets, .....
31, 1897.
$39,800 00
6,800 00
147 55
248,717 75
300 00
500 00
10,891 39
2,200 00
9,321 36
260 00
Loaned Thereon.
$300 00
$318,938 05
Liabilities.
Losses claimed and reported,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Return premiums, . . . . .
Reinsurance,
Reinsurance not allowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
$15,325 21
1,875 00
$13,450 21
48,736 12
1,494 65
1,388 50
2,983 38
563 44
206 62
68,822 92
$250,115 13
200,000 00
,115 13
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral.
$7,500 00
7,500 00
5,000 00
262 THE HOWARD FIRE INSURANCE CO. OF BALTIMORE.
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,.
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, .
Income from sundries,
Gross cash income,
$2,949 18
101,269 01
$104,218 19"
9,321 36
$94,896 83
20,124 34
other sources, .
$74,772 49
375 00
7,447 49
2,063 10
375 00
$85,033 08
Expenditures.
Cash paid for fire losses, ......
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, . . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for miscellaneous, ....
Gross cash expenditures, ....
$22,714 00
1,139 20
121,574 80
12,019 20
18,393 85
8,222 32
3,876 11
6,567 92
,654 20
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, . . .'-'-.
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$5,160,45.4 00
11,402,412 00
$16,562,866 00
5,413,773 00
$11,149,093 00
626,174 00
.$10,522,919 00
Premiums.
$39,404 73
101,269 01
^140,673 74
42,304 66
$98,369 08
5,701 82
,667 26
Miscellaneous .
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared daring the year (6 per cent.), .
Company's stock owned by directors, ....
:,297,153 00
547,070 00
33,433 00
618,100 00
12,000 00
23,610 00
THE INSURANCE CO. OF NORTH AMERICA.
263
"PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY
OF NORTH AMERICA," PHILADELPHIA, PA.
[Incorporated April 14, 1794. Commenced business 1792.]
Paid-up Capital, $3,000,000.
CHARLES PLATT, President. GREVILLE E. FRYER, Secretary.
Detailed Statement of Stocks and Bonds.
United States government bonds,
Boston city bonds,
Richmond, Va., city bonds,
Georgia State bonds,
Baltimore city bonds,
Toledo city bonds,
Cincinnati city bonds,
Belgian government bonds,
Providence city bonds,
City of Columbus (O.) bonds,
City of Portland (Ore.) bonds,
East Lincoln (111 ) bonds,
City of Montreal bonds, .
Brooklyn Wharf & Warehouse Co. bonds,
Baltimore & Potomac R R. bonds, .
Schuylkill River East Side R R. bonds, .
Terminal Railroad Association of St. Louis,
Lehigh Coal and Navigation Co ,
Easton & Amboy R.R. Co.,
Philadelphia & Erie R.R.,
Chicago & Western Indiana R.R. bonds,
Northern Central Railway bonds, .
Pitts., McKeesp't & Youghiogheny R.R.,
City of Chicago bonds, ....
Pennsylvania R R. bonds,
Philadelphia & Reading R R. bonds,
North Pennsylvania R.R. bonds,
Belvidere & Delaware R R. bonds, .
Pennsylvania & N. Y. Canal & R.R. bonds,
Lehigh Valley R R. bonds,
Delaware Division Canal bonds,
The Belt R R. and Stock Yard Co. bonds,
Bergen County R.R. bonds,
Car Trust of New York bonds,
New York & Long Branch R.R. bonds, .
Atlantic Mutual Insurance scrip,
Philadelphia & Baltimore Central R.R , .
Par Value.
M 25,000 00
112,000 00
53,000 00
25,000 00
200,000 00
1,000 00
20,000 00
49,000 00
25,000 00
25,000 00
50,000 00
10,000 00
111,000 00
30,000 00
5,000 00
50,000 00
40,000 00
5,000 00
100,000 00
150,000 00
71,000 00
15,000 00
50,000 00
26,000 00
430,000 00
350,000 00
80,000 00
50,000 00
25,000 00
200,000 00
15,000 00
50,000 00
50,000 00
18,000 00
150,000 00
13,780 00
100,000 00
Market Value.
$142,250 00
122,080 00
53,000 00
28,000 00
196,000 00
1,050 00
22,600 00
49,000 00
26,000 00
25,750 00
58,000 00
10,300 00
122,100 00
30,000 00
6,100 00
52,500 00
43,200 00
6,350 00
108,000 00
178,500 00
74,550 00
16,950 00
66,000 00
26,000 00
526,200 00
437,500 00
91,050 00
53,500 00
30,€00 00
238,000 00
14,250 00
. 60,000 00
52,500 00
18,540 00
165,000 00
13,780 00
105,000 00
264
THE INSURANCE CO. OF NORTH AMERICA.
Delaware & Chesapeake R.R. bonds,
Steuben ville & Indiana Railroad bonds, .
New York, Lake Erie & Western R.R. bonds,
Terre Haute & Logan sport R.R. bonds, .
Texas & Pacific Railwaj' bonds,
Louisville & Nashville R.R , .
Lehigh Coal & Navigation Co. bonds,
West Shore R.R. bonds, . . . . .
San Antonio & Aransas Pass. Railway bonds,
Canada Atlantic R.R. bonds, .
Jefferson R R. bonds, ....
McKeesport & Belle Vernon R.R. bonds,
Penn. & New York Canal and R.R. bonds,
Lehigh Valley Railway Company bonds,
Lehigh Valley Terminal Company bonds,
Baltimore Belt R.R. bonds,
Tioga R.R bonds,
Philadelphia & Reading R.R. bonds,
Cincinnati, Hamilton & Dayton R.R. bonds,
Camden & Atlantic bonds,
Cleveland, Lorain & Wheeling R.R. bonds
Prospect Brewing Co. bonds, .
Delaware River R.R. & Bridge Co. bonds,
Northern Central Railway Bonds,
International Navigation Co. bonds,
Elizabeth R.R. of Austria bonds,
Lehigh Valley R.R. bonds,
Reading Co. & Phila. & Reading C. & I. Co. b'ds
Chicago & Erie R.R bonds,
Pittsburgh & Connellsville R.R. bonds, .
Delaware County bonds, Pa , .
Wilmington & Welden R.R. bonds. .
100 shares Philadelphia National Bank,
40 " Philadelphia Bourse, .
228 " Chesapeake & Del. Canal Co.,
500 " North America Wrecking Co.,
1,500 " company's own stock, $36,760 00
Securities held as collateral for cash loans: —
New Jersey Consolidated Traction Co. bonds,
50 shares Penn. Co. for Insurance on Lives, .
100 " Lehigh Coal and Navigation Co , .
City of Philadelphia bonds, .
Lehigh Valley R.R. bonds, ....
Par Value.
$100,000 00
200,000 00
200,000 00
50,000 00
20,000 00
63,000 00
100,000 00
25,000 00
21,000 00
20,000 00
38,000 00
20,000 00
50,000 00
50,000 00
40,000 00
30,000 00
5,000 00
200,000 00
50,000 00
50,000 00
50,000 00
25,000 00
50,000 00
10,000 00
50,000 00
40,01)0 00
50,000 00
25,000 00
50,000 00
50,000 00
50,000 00
50,000 00
10,000 00
2,000 00
11,400 00
29,000 00
Market Value.
$95,000 00
220,000 00
226,000 00
47,500 00
21,600 00
71,190 00
104,000 00
27,750 00
12,600 00
16,000 00
39,900 00
25,400 00
46,000 00
51,000 00
43,600 00
24,000 00
5,250 00
204,000 00
52,500 00
52,500 00
50,000 00
25,000 00
53,000 00
10,600 00
52,500 00
40,000 00
50,000 00
21,500 00
55,500 00
52,000 00
51,500 00
51,000 00
20,000 00
200 00
250 00
29,000 00
1,764,180 00 |5,220,440 00
Market Value. Loaned Thereon.
$9,925 00
25,000 00
4,150 00
8,470 00
2,670 00
$5,000 00
20,000 00
10,000 00
$50,215 00 $35,000 00
THE INSURANCE CO. OF NORTH AMERICA.
205
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest clue or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets, .....
Deduct special deposits in other States, .
31, 1897.
$540,936 99
2,386,743 49
51,526 90
5,220,440 00
35,000 00
• 779,947 15
854,681 64
62,350 08
»,931,626 25
261,100 00
Balance, . . ... . . . . . $9,670,526 25
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, . . .
disputed or resisted,
Total amount of losses, . .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Reinsurance, ......
Reinsurance disallowed, . - .
Book debts, . . . . .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, . . . .
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
5,507 62
417,860 33
42,702 05
$549,070 00
126,135 00
$422,935 00
3,221,499 25
780,559 51
34,000 00
42 248 68
7,865 00
643 41
}1,5Q9,750 85
131,410 33
$578,407 28
4,669,973 56
^5,248,380 84
561,844 89
54,686,535 95
831,758 19
4,378,310 52
^5,292,185 73
3,000,000 00
!,292,185 73
$3,854,777 76
* Total value of property mortgaged,
Amount of insurance held as collateral,
. $6,053,442 00
. 2,212,870 00
266
THE INSURANCE CO. OF NORTH AMERICA.
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Deposits received for perpetual fire risks,
Gross cash income, ....
$294,807 96
2,206,837 68
$2,501,645 64
355,186 83
$2,146,458 81
551,106 55
sources, .
$17,772 01
$1,595,352 26
131,300 70
245,502 76
$5,826,933 48
Expenditures.
Cash paid for fire losses $2,089,829 52
Deduct salvage and reinsurance, . . . 99,669 46
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, . . $1,934,890 14
Deduct salvage and reinsurance, . . . 506,613 84
Net cash paid for marine and inland losses, .
Cash dividends paid, ......
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes,
for miscellaneous, .....
Deposits returned on perpetual fire risks, . $18,816 60
$1,990,160 06
Gross cash expenditures, .
1,428,276 30
360,000 00
1,019,223 46
286,750 51
123,346 69
316,350 69
. $5,524,107 71
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$612,000,588 00
618,132,876 00
$1,230,133,464 00
596,693,294 00
$633,440,170 00
18,331,519 00
$615,108,651 00
Premiums.
>6,024,852 12
4,669,973 56
$10,694,825 68
4,647,266 89
1,047,558 79
181,989 82
Perpetual risks in force (not incl'd above), $34,049,227 00
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total
Deduct risks expired and terminated,
In force at end of year,
$41,898,256 00
379,029,726 00
£5,8b5,568 97
$857,723 22
$244,159 00
2,206,837 68
$420,927,982 00
415,659,105 00
^2,450,996 68
2,197,484 35
$5,268,877 00 $253,512 33
INSURANCE CO. OF THE STATE OF NEW YORK.
267
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),
Company's stock owned by directors, . .
$132,225,884 00
92,226,692 00
2,007,138 00
1,485,576 00
14,013,934 00
360,000 00
258,450 00
"INSURANCE COMPANY OF THE STATE OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Feb. 1, 1895. Commenced business Dec. 29, 1596.]
Paid-up Capital, $200,000.
FRANCIS HENDRICKS, President. WM. COWIE, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, . . , . .
Long Dock Co. bonds, ....
West Shore R.R. Co. bonds,
Cincinnati, Dayton & Ironton R R. Co bonds
Lehigh Valley Terminal R'y Co. bonds, .
Iowa P'alls & Sioux City R.R. Co. bonds,
Wabash R R. Co. bonds, ....
Lehigh Valley R'y Co. bonds, .
Knoxville & Ohio R'y Co. bonds,
Chicago & West Indiana R R. Co bonds,
Lou , New Albany & Chicago R.R. Co. bonds,
Atch., Topeka & Santa Fe R'y Co. bonds,
Oregon Short Line R'y Co. bonds, .
Par Value.
$175,000 00
20,000 00
20,000 00
10,000 00
10,000 00
10,000 00
10,000 00
5,000 00
10,000 00
6,000 00
10,000 00
20,000 00
20,000 00
Market Value.
$200,375 00
27,500 00
21,850 00
11,125 00
11,150 00
13,300 00
10,775 00
5,087 50
11,400 00
7,200 00
11,200 00
17,950 00
24,750 00
$326,000 00 |373,662 50
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $25,000 00
Interest due or accrued thereon, . . . 208 33
Stocks and bonds, as per schedule, . . . 373,662 50
Cash deposited in bank, 63,442 27
Interest due and accrued, 375 00
Premiums in course of collection (gross), . 69,556 83
Gross assets,
$532,244 93
* Value of lands mortgaged, . . .
Value of buildings thereon, .
Amount of insurance held as collateral,
$25,000 00
25,000 00
20,000 00
268
INSURANCE CO. OF THE STATE OF NEW YORK.
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital, .
risks,
$98,306 62
2,750 00
i 10 1,056 62
33,000 00
$,056 62
176,070 45
22,258 18
5,137 08
$271,522 33
$260,722 60
200,000 00
,722 60
Income.
Premiums on risks written or renewed, . . $ 7 19,835 90
Premiums now in course of collection, . . 69,556 83
Entire premiums collected, .... $650,279 07
Less reinsurance and return premiums, . . 166,044 26
Net cash lire premiums received, . . .
Premiums on risks written or renewed, . . $56,844 21
Less reinsurance and return premiums, . . 12,177 70
Net cash marine premiums received, . . — ■
Interest received on mortgages, . .
Interest and dividends received from all other sources, .
Gross cash income, , .
$184,234 81
44,666 51
1,250 00
18,572 75
$548,724 07
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid, . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
,201 72
14,441 95
$16,643 55
11,190 00
$231,759 77
5,453 55
10,000 00
84,431 82
2,067 70
250 00
989 04
Gross cash expenditures,
$331,951 88
INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 269
Risks and Premiums.
Fire risks written during 1897,
Deduct risks expired and terminated,
In force at end of year, , .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1897, .
Deduct risks expired and terminated,
In force at end of jenv,
181,269,151 00
55,392,273 00
$25,876,878 00
1,770,163 00
Premiums.
1719,835 90
403,588 84
|316,217 06
14,617 00
14,106,715 00 $301,630 06
$1,705,700 00
16,125 00
$56,844 21
33,861 39
$1,689,575 00 f 22,982 82
Miscellaneous.
Premiums received from organization of company, . . $528,901 00
Losses paid from organization of company, .... 237,213 00
Fire losses incurred during the year, ...... 281,816 00
Marine and inland losses incurred during the year, . . 23,453 00
Cash dividends declared from organization of company, . 10,000 00
Dividends declared during the year (5 per cent.), . . . 10,000 00
Company's stock owned by directors, 116,800 00
"INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA,"
PHILADELPHIA, PA.
[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.]
Paid-up Capital, $200,000.
GEO. Q. CROWELL, President. A. B. EARLE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
80 shares United New Jersey R.R. & Canal Co., $ 8,000 00 $20,000 00
20 " Philadelphia National Bank, . . 2,000 00 4,000 00
Harrisburg,' Portsmouth & Mt. Joy R R. bonds, 15,000 00 15,950 00
Car Trust of New York bonds, . . . 2,000 00 2,120 00
Chicago & W. Indiana R.R. bonds, . . . 7,000 00 7,350 00
Shamokin, Sun bury & L. R.R. bonds, . . 10,000 00 10,100 00
Terre Haute & Logansport R.R. bonds, . . 20,000 00 18,000 00
Steubenville & Indiana R.R. bonds,, . . 30,000 00 33,500 00
Long Dock Co. bonds, ..... 10,000 00 13,700 00
Pittsburg Junction R.R. Co. bonds, . . . 10,000 00 11,800 00
St. Paul & Northern Pacific R.R. bonds, . . 10,000 00 12,800 00
Sunbury, H. & Wilkesbarre R.R. bonds, . . 4,000 00 4,210 00
Northern Central R.R. bonds, .... 10,000 00 10,900 00
City of Quincy bonds, „ 10,000 00 10,300 00
Wabash R.R. Co. bonds, ..... 14,00000 11,23500
Syracuse, Geneva & Cor. R.R. bonds, . . 6,000 00 6,350 00
$168,000 00 $192,345 00
270 INSURANCE CO. OF THE STATE OF PENNSYLVANIA.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank and with managers,
Interest due and accrued, .
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Rents due and accrued, ....
Prem's more than three mos due, f 7,571 90
Gross assets,
31, 1897.
1349,019 37
47,600 00
1,015 81
192,345 00
858 84
94,444 68
120 00
42,907 08
1,963 25
4,632 67
$734,906 70
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Gross liabilities, except capital,
Surplus as regards polic} T holders, .
Paid-up capital, .....
Surplus over capital, ....
$2,647 76
23,720 24
1,875 00
172,861 95
215,859 92
416,964 87
$317,941 83
200,000 00
$117,941 83
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,.
Premiums now in course of collection, .
Entire premiums collected, . .
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, . . .
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$43,701 02
356,504 77
. $400,205 79
•
50,478 98
. $349,726 81
90,787 47
—
$258,939 34
.
2,155 30
r sources, .
7,689 05
.
21,924 33
< . • .
521 64
$16,782 75
.
$291,229 66
$86,500 00
39,300 00
* Total value of property mortgaged, .
Amount of insurance held as collateral,
THE LINCOLN FIRE INSURANCE CO. OF NEW YORK. 271
Expenditures.
Cash paid for fire losses, ..... $147,775 86
Deduct salvage and reinsurance, . . . 20,161 24
Net cash paid for fire losses, . $ 127,614 62
Cash dividends paid, 10,000 00
Cash paid for commissions and brokerage, . 65,325 84
for salaries of officers and employees, . . . 16,175 00
for State and local taxes, 10,053 01
for rent, . . . . . . . . . 5,000 00
for incidentals, 32,107 81
Deposits returned on perpetual fire risks, . $9,379 72
Gross cash expenditures, ....... $266,276 28
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
. $33,155,136 00
. 28,533,272 00
Total, . $61,688,408 00
Deduct risks expired and terminated, . . 30,084,021 00
In force at end of year,
Deduct amount reinsured,
.$31,604,387 00
. 5,309,738 00
Net amount in force, ..... $26,294,649 00
Perpetual risks in force (not incl'd above), . $7,178,167 00
Premiums.
$425,105 67
356,504 77
1,610 44
383,201 47
$398,408 97
59,979 04
$338,429 93
$239,844 36
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, .
21,617
710
00
16,917
,173
00
142
152
00
4,291
406
00
10
000
00
29
000
00
"THE LINCOLN FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Sept. 4, 1897. Commenced business Sept. 25, 1897.]
Paid-up Capital, $200,000.
O. E. VON AU, President. A. RASINES, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, , , . ,
Par Value. Market Value.
( 000 00 $112,750 00
272 THE LINCOLN FIRE INSURANCE CO. OF NEW YORK.
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $50,000 00
Stocks and bonds, as per schedule, . . . 112,750 00
Cash in the office of the company, . „ . 23,210 95
Cash deposited in bank, ..... 51,450 78
Interest due and accrued, . . . . . 1,350 37
Premiums in course of collection (gross), to
amount of unearned premiums, . „ . 108,193 34
Gross assets, ...... — ;
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Impairment of capital,
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Received for calls on capital, .
Received for increased capital,
Gross cash income, ....
121,275 00
108,193 34
17,690 70
|250,914 G5
168,694 68
$82,219 97
31,705 94
$200,000 00
30,000 00
$346,985 44
150,159 04
M 96,826 40
200,000 00
$3,173 60
$50,514 03
352 20
,866 23
Expenditures.
Cash paid for fire losses,
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, ....
Gross cash expenditures, . .
$2,816 89
15,154 20
666 66
765 50
24,021 25
$43,424 50
Risks and Premiums.
Premiums.
Fire risks written during 1897, . . . $37,205,045 00 $250,914 65
Deduct risks expired and terminated, . . 2,248,118 00 34,527 97
In force at end of year,
.$34,956,927 00 $216,386 68
* Total value of property mortgaged,
$359,300 00
LUMBERMEN S INSURANCE CO.
273
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
Company's stock owned by directors,
$50,514 00
2,817 00
27,092 00
60,800 00
"LUMBERMEN'S INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated June 2, 1873. Commenced business Dec. 11, 1873.]
Paid-up Capital, $250,000.
LEWIS DAVIS, President. OLIVER H. HILL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Susquehanna Coal Co. bonds, .... $12,000 00 $14,160 00
Shamokin Valley & Pottsville R.R. bonds, . 7,000 00 7,700 00
Steubenville & Indiana R R. bonds, . . . 15,000 00 16,800 00
Richmond & Danville R R. Co. bonds, . . 5,000 00 6,200 00
Reading Co. & Phila. & Reading C. & I. Co b'ds, 5,000 00 4,300 00
Summit Branch R.R. Co. bonds, . . . 10,000 00 10,000 00
Camden & Atlantic R.R. Co. bonds, . . 10,000 00 10,800 00
Mortgage Trust Co. of Pa. debentures, . . 18,000 00 12,690 00
Lehigh Valley R.R. Co. bonds, . . . 10,000 00 13,400 00
Car Trust of N. Y. bonds, .... 2,000 00 2,040 00
West Jersey R.R. Co. bonds, .... 3,000 00 3,150 00
Chicago, St. Louis & Pittsburgh R.R. Co. b'ds, 10,000 00 11,800 00
Master Builders' Exchange bonds, ... 10,000 00 10,125 00
Car Trust of N. Y. bonds, ...*.. 9,000 00 8,820 00
West Jersey R.R. Co. bonds, .... 26,00000 31,20000
Sunbury, Hazleton & Wilkesbarre R.R. b'ds, . 8,000 00 8,400 00
Shamokin, Sunbury & Lewisburg R.R bonds, 10,000 00 10,300 00
Pennsylvania Steel Co. bonds, .... 10,000 00 9,500 00
Lehigh Valley R.R. Co. bonds, . . . 10,000 00 12,400 00
Texas & Pacific R.R. Co. bonds, . . . 11,000 00 10,725 00
Ohio River R.R. Co. bonds, .... 5,000 00 5,250 00
Cin., Richmond & Fort Wayne R.R. Co. bonds, 30,000 00 36,600 00
Cambria & Clearfield R.R. Co. bonds, . . 12,000 00 12,000 00
Duluth Street Railway Co. bonds, . . . 20,000 00 20,500 00
St. Louis Merchants' Bridge Co. bonds, . . 20,000 00 21,200 00
Minneapolis General Electric Co. bonds, . 20,000 00 20,600 00
Electric R'y Light & Power Co., Sedalia, b'ds, 8,000 00 8,200 00
Broadway & Seventh Ave. R.R. Co. bonds, . 10,000 00 12,000 00
Hartman General Electric Co., Duluth, bonds, 10,000 00 10,250 00
Superior Water, Light & Power Co. bonds, . 10,000 00 10,100 00
St. Paul Gas Light Co. bonds, .... 10,000 00 8,000 00
Lehigh Traction Co. bonds, .... 15,000 00 13,500 00
Piedmont & Cumberland Railway Co. bonds, . 10,000 00 10,400 00
274
LUMBERMEN S INSURANCE CO.
S3Tacuso & East Side Railway Co bonds,
Detroit & Mackinac Railway Co. bonds, .
Grand Rapids Gas Light Co. bonds,
Gen., W'loo, Sen. Falls & Cay. Lake Tr. Co., .
Passaic Lighting Co. bonds, .
Phila. & Heading Coal & Iron Co. certificates,
Lehigh Valley R.R. Co. Car Trust, .
Pittsburgh & Connellsville R.R Co. bonds,
Baltimore Traction Co. Collateral Trust Loan,
Township of Upper Darby bonds, .
City of Duluth refunding bond,
St L. Terminal, Cupples St'n & Prop. Co. b'ds,
St. Joseph Gas Co. bonds,
68 shares Lehigh Traction Co ,
80 " Grand Rapids Gas Light Co., .
50 " Passaic Lighting Co ,
100 " Grand Rapids & Indiana R'y Co.,
46 " Bucking. Ap"t House Co., St. Paul,
50 " St. Joseph Gas Co , .
Securities held as collateral for cash loans : -
45 shares 13th & 15th Street Pass. R'y Co., .
Pittsburgh, Cincinnati & St. Louis R.R. bonds,
60 shares Citizens' Passenger R. W. Co ,
17 " Jefferson Fire Insurance Co , .
206 " Consolidation K'l Bank of Phila , .
Par Value.
$10,000 00
5,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
11,000 00
15,000 00
15,000 00
10,000 00
6,800 00
4,000 00
5,000 00
10,000 00
4,600 00
5,000 00
Market Value.
$9,800 00
3,000 00
9,800 00
9,500 00
9,500 00
10,600 00
10,200 00
10,500 00
10,250 00
11,660 00
15,900 00
15,000 00
8,800 00
1,020 00
2,960 00
1,250 00
500 00
3,600 00
1,800 00
$552,400 00 |518,750 00
Market Value. Loaned Thereon.
il 1,700 00
8,720 00
17,100 00
2,125 00
12,360 00
$5,000 00
8,000 00
2,800 00
1,500 00
10,000 00
$52,005 00 $27,300 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due,
Ground rent, ......
Gross assets, .....
$107,500 00
433,968 97
8,745 56
548,750 00
27,300 00
290 81
26,993 25
327 41
37,845 05
797 25
1,000 00
,193,518 30
* Value of lands mortgaged, .
Value of buildings thereon,
Amount of insurance held as collateral,
$400,000 00
553,500 00
426,750 00
LUMBERMEN S INSURANCE CO.
275
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risk
Reclaimable on perpetual fire policies,
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance, .
Incidentals, .....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$3,769 28
19,269 52
4,718 15
$27,756 95
1,419 72
>,337 23
134,770 06
232,894 49
1,788 83
7,260 57
8,629 34
1,326 51
4,186 22
- $417,193 25
. $776,325 05
250,000 00
. $526,325 05
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
Deposits received for perpetual fire risks,
$36,724 46
214,026 25
$250,750 71
37,845 05
$212,905 66
51,147 16
sources,
$161,758 50
22,962 35
27,343 54
2,417 71
558 77
,243 17
Gross cash income,
115,040 87
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid,
,512 77
9,912 40
$73,600 37
25,000 00
276
MANHATTAN FIKE INSURANCE CO.
Cash paid for commissions and brokerage, . • .- . . f 39,130 93
for salaries of officers and employees, . . . 12,937 00
for State and local taxes, 5,188 88
for incidentals, ....... 9,506 60
Deposits returned on perpetual lire risks, . $7,183 35
Gross cash expenditures, f 165,363 78
Risks and Premiums.
. $50,295,966
. 22,195,488
. $28,100,478
. 1,527,958
Fire risks outstanding Dec. 31, 1896, . . $26,701,383
Fire risks' written during 1897, . . . 23,594,583
Total,. .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, $26,572,520
Perpetual risks in force (not incl'd above) , . $9,482,769
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
Premiums.
00 $264,500 13
00 214,026 25
00 $478,526 38
00 211,317 30
00 $267,209 08
00 15,690 37
00 $251,518 71
00 $258,771 65
$2,151,148 00
1,086,600 00
84,256 00
363,000 00
25,000 00
75,675 00
"MANHATTAN FIRE INSURANCE COMPANY OF THE CITY OF
NEW YORK," NEW YORK, N. Y.
[Incorporated Feb. 1, 1869. Commenced business June 19, 1882.]
Paid-up Capital, $250,000.
PHILANDER B. ARMSTRONG, President. H. F. NEEFUS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
280 shares Mercantile National Bank, . . $28,000 00 $17,040 00
117 " Importers' & Traders 1 Nat'l Bank, . 11,700 00 60,840 00
200 " Citizens 1 National Bank, . . 5,000 00 6,250 00
118 " Columbia Bank, .... 11,800 00 17,700 00
15 " National Park Bank, , . . 1,500 00 3,975 00
United States bonds, ..... 50,000 00 64,500 00
District of Columbia bonds, .... 100,00000 118,00000
Chicago, Rock Island- & Pacific R.R. bonds, . 25,000 00 33,500 00
Chicago & Northwestern Railroad bonds, . 16,000 00 18,660 00
Virginia Midland R.R. bonds, .... 10,000 00 10,300 00
Canada Southern bonds, ..... 10,000 00 11,250 00
West Shore R.R. bonds, 20,000 00 22,200 00
MANHATTAN FIRE INSURANCE CO.
277
C. M. & St. Paul R.R. bonds, .
New England R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
St. Paul, Minn. & Manitoba R.R. bonds, .
Hannibal & St. Joseph bonds, .
R. W. & Ogdensburg R.R. bonds, .
Columbus & 9th Avenue bonds,
Lexington Ave. & Pavonia Ferry bonds, .
Mohawk & Malone R.R. bonds,
Illinois Central R.R. bonds,
Consolidated stock of city of N. Y., .
Fire Association of New York stock,
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Premiums in course of collection (gross)
Gross assets, ....
Deduct special deposits in other States,
Par Value.
$6,000 00
10,000 00
39,000 00
20,000 00
1,000 00
20,000 00
10,000 00
10,000 00
10,000 00
20,000 00
60,000 00
10,000 00
Market Value.
$6,900 00
12,800 00
39,765 00
21,650 00
1,210 00
24,225 00
12,100 00
12,100 00
10,300 00
20,300 00
64,950 00
600 00
Balance,
$505,000 00 $641,115 00
31, 1897.
$641,115 00
223 70
37,108 90
106,843 50
— $785,291 10
49,950 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
Interest due or accrued on scrip,
All other interest due,
Due for borrowed money,
State and local taxes,
Commissions and brokerage,
Reinsurance,
Miscellaneous, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Scrip outstanding, not ordered to be redeemed,
|735,341 10
$15,223 60
67,265 53
10,222 42
$92,711 55
9,379 74
13,331 81
595 78
11,001 70
100,000 00
5,559 28
35,614 50
104,520 10
16,697 54
$357,320 71
2,006 15
$250,000 00
323,063 00
355,314 5Q
$380,026 54
573,063 00
Impairment of scrip, $193,036 46
278
MANHATTAN FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from all other sources,
Profit on sales of bonds,
Received for increased capital,
Gross cash income, . .
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for redemption of scrip, .
Interest paid scrip holders, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent,
for incidentals,
Loss on sales of bonds and ledger assets,
Gross cash expenditures, ....
$113,919 21
798,106 80
f912,026 01
106,843 50
$805,182 51
338,353 96
$25,000 00
|405,381 55
22,681 58
$466,828 55
22,978 00
54 67
9,343 13
$499,204 35
$382,699 97
28,423 07
42 40
5,476 81
103,935 03
87,671 54
20,092 22
9,473 54
56,431 77
8,333 30
$702,579 65
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
.$40,962,041 00
. 54,120,849 00
. $95,082,890 00
. 62,435,019 00
. $ 32,647,871 00
. $32,647,871 00
Premiums.
$585,384 86
798,106 80
1,383,491 66
878,340 87
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year, ....
Company's stock owned by directors, .
$505,150 79
$505,150 79
,195,631 00
6,672,672 00
367,619 00
854,081 00
28,423 07
124,400 00
THE MANUFACTURERS' AND MERCHANTS' INSURANCE CO. 279
"THE MANUFACTURERS' AND MERCHANTS' INSURANCE COM-
PANY," PITTSBURGH, PA.
[Incorporated Feb. 28, 1865. Commenced business May 1, 1865.]
Paid-up Capital, $250,000.
JOHN W. CHALFANT, President. t WM. T. ADAIR, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Pittsburgh & Western Railway Co. stock, . f 5,000 00 $250 00
Pittsburgh & Western Railway Co. bonds, . 10,000 00 7,700 00
Pitts., Allegh'y & Manchester Trac. Co. bonds, 20,000 00 22,400 00
Allegheny County Light Co. bonds, . . . 15,000 00 10,125 00
Braddock & Turtle Creek Street R'y bonds, . 10,000 00 10,650 00
Borough of Etna, Pa., bonds, .... 10,000 00 10,000 00
Wheeling Railway Co. bonds, . . . . 11,000 00 11,550 00
Pittsburgh Plate Glass Co. bonds, . . . 30,000 00 30,300 00
Westinghouse Machine Co. bonds, . . . 30,000 00 30,150 00
H. C. Frick Coke Co. bonds, .... 10,000 00 10,000 00
Oliver Coke & Furnace Co bonds, . . . 19,000 00 19,380 00
Pitts., Shenango & Lake Erie R.R. bonds, . 20,000 00 20,300 00
$190,000 00 $188,805 00
Securities held as collateral for cash loans : —
Monongahela National Bank stock, .
Westinghouse Brake Co. stock,
Central Connellsville Coke Co. bonds,
Market Value.
$825 00
3,825 00
3,060 00
$7,710 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
All other assets,
Prem's more than three mos. due, . $1,074 22
Gross assets,
31, 1897.
$45,000 00
281,381 67
4,899 52
188,805 00
5,400 00
1,089 71
30,263 41
6 56
39,962 58
220 85
911 00
Loaned Thereon.
$400 00
3,000 00
2,000 00
$5,400 00
$597,940 30
* Value of lands mortgaged $379,050 00
Value of buildings thereon, 392,100 00
Amount of insurance held as collateral, .... 286,450 00
280 THE manufacturers' and merchants' INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance, etc.,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
f 3,694 69
20,530 27
24,224 96
262 41
$23,962 55
180,411 50
9,561 58
1,439 22
3 14
_ __
$215,377 99
$382,562 31
250,000 00
Surplus oyer capital, $132,562 31
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, ....
Gross cash income,
|31,089 98
85 59
$31,004 39
293,051 44
$324,055 83
41,036 80
$283,019 03
60,130 78
$222,888 25
17,314 38
10,163 26
1,862 52
$252,228 41
Expenditures.
Cash paid for fire losses,
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$103,904 32
15,000 00
63,815 88
9,513 37
6,772 05
10,288 10
Gross cash expenditures,
$209,293 72
THE MECHANICS INSURANCE CO.
281
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
,|25,216,819 00
. 25,181,246 00
.$50,398,065 00
. 19,945,272 00
. $50,452,793 00
. 1,368,623 00
rremiums.
$307,700 80
293,051 44
$600,752 24
243,179 31
$357,572 93
17,409 54
.$29,084,170 00 $340,163 39
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$3,499,230 00
1,448,892 00
117,782 00
540,000 00
15,000 00
59,250 00
"THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 13, 1854. Commenced business May 4, 1854.]
Paid-up Capital, $250,000.
SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Phila., Wilmington & Baltimore R.R. bonds, . $5,000 00 $5,145 00
Union Passenger Railway bonds, . . . * 20,000 00 22,000 00
Lombard & South Streets Pass. Railway bonds, 20,000 00 20,400 00
Steubenville & Indiana R.R. bonds, . . 25,000 00 26,875 00
Borough of Clifton Heights, Pa., bond, . . 3,000 00 3,000 00
Schuylkill River East Side R.R. bonds, . . 30,000 00 31,350 00
City of St. Louis bonds, ..... 10,000 00 10,000 >
Northern Pacific Terminal bonds, . . . 10,000 00 10,300 00
Philadelphia & Erie R.R. bonds, . . ' . 28,000 00 29,960 00
North Pennsylvania R.R. bonds, . . . 11,000 00 12,210 00
Catawissa R.R. bonds, . . . . . 9,000 00 9,517 50
The Toledo Electric Street Pass. R'y bonds, . 10,000 00 9,900 00
United States bonds, 5,000 00 6,400 00
Consolidated Traction Co. of N. J. bonds, . 10,000 00 9,887 50
Second Ave. Traction Co., Pittsburgh, bonds, . 10,000 00 10,725 00
Terminal R.R Association of St. Louis bonds, 10,000 00 10,700 00
Commonwealth of Pennsylvania bond, . . 5,000 00 5,000 00
City of Altoona, Pa., bonds, .... 10,000 00 10,000 00
Lehigh Valley R.R. bonds, .... 10,000 00 10,000 00
City of Philadelphia bonds, .... 20,000 00 21,400 00
282
THE MECHANICS INSURANCE CO.
Pittsburgh, Cin , Chic. & St. Louis R.R. bonds,
Allegheny Valley R.R. bonds, .
Phila., Wil. & Bait. R.R. stock trust certificates,
200 shares Fair. Park & Haddington Pass. R'y,
100 " Union Passenger Railway,
30 " 13th & 15th Streets Pass. Railway,
20 " 2d & 3d Streets Pass. Railway,
700 " Philadelphia Traction Co.,
15-1 " Union Traction Co.,
Securities held as collateral for cash loans :
165 shares Hannis Distilling Co ,
43 " Bethlehem Iron Co.,
200 " Phila. & Reading Railway Co.,
100 " Philadelphia Traction Co.,
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company-, .
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Perpetual premiums in course of collection,
Gross assets, . .
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Dividends to stockholders unpaid, .
Commissions and brokerage, .
Return premiums, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
Par Value.
} 10,000 00
5,000 00
10,000 00
10,000 00
5,000 00
1,500 00
1,000 00
35,000 00
1,925 00
Market Value.
$10,925 00
6,362 50
10,600 00
12,000 00
22,525 00
7,890 00
5,080 00
54,775 00
1,848 00
|340,425 00 $406,775 50
Market Value. Loaned Thereon.
$16,500 00-
2,795 00
2,225 00.
7,825 00
$12,500 00
3,000 00
$29,345 00 $15,500 00
31, 1897.
$80,000 00
348,085 00
5,604 49
406,775 50
15,500 00
409 74
31,102 91
3,580 81
41,891 40
4,339 50
$937,289 35
Surplus over capital, .
$4,735 77
17,462 50
6,117 57
131,438 02
241,385 08
1 00
10,591 94
8,128 72
419,860 60
$517,428 75
250,000 00
$267,428 75
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$294,300 00
409,200 00
310,750 00
THE MECHANICS INSURANCE CO.
2#3
Income.
Fire premiums outstanding Dec. 31, 1896, . $43,502 84
Premiums on risks written or renewed, . . 266,484 68
Total, $309,987 52
Premiums now in course of collection, . . 41,891 40
Entire premiums collected, .... ,$268,096 12
Less reinsurance and return premiums, . . 52,062 28
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from transfers and surveys,
Deposits received for perpetual fire risks
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
for repairs on real estate,
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
$216,033 84
17,934 24
sources, .
17,032 95
. , •
2,860 32
. - . .
281 40
$17,570 25
.
$254,142 75
$110,872 08
753 08
$110,119 00
20,052 00
59,872 52
13,944 84
4,411 73
15,384 14
. . .
214 65
$6,630 16
-
. . ■
$223,998 88
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$26,419,036 00 $258,968 19
28,202,915 00 266,484 68
Total,
Deduct risks expired and terminated,
In force at end of year,
Perpetual risks in force (notincl'd above),
$54,621,951 00 $525,452 87
28,956,536 00 273,278 24
?5,665,415 00 $252,174 63
11,963,831 00 $265,701 44
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
53,046,378 00
1,629,527 00
114,120 00
500,660 00
20,000 00
45,850 00
284
merchants' INSURANCE CO.
"MERCHANTS 1 INSURANCE COMPANY OF NEWARK,"
NEWARK, N. J.
[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.]
Paid-up Capital, $400,000.
G. LEE STOUT, President. J. R. MULLIKIN, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .....
New Jersey Zinc Co. bonds,
Long Branch & Sea Shore Railroad bonds,
Midland Railroad of New Jersey bonds, .
Newark & Bloomfield Horse Car R.R. bonds,
Belleville & Newark Horse Car R.R. bonds,
Irvington & Newark Horse Car R.R. bonds,
American Dock and Improvement bonds,
Long Branch school bonds,
North Hudson County R.R bonds, .
Newark Gas Company bonds, .
Newark Pass. Railroad Company bonds, .
Elizabeth City bonds, ....
Underwriters' Prot. Ass'n, Newark, bonds,
Consolidated Traction R'y Co. bonds,
N. Y., Susquehanna & Western R.R. bonds,
Easton & Am boy R.R, Co bonds,
Warren Railroad Company stock, .
United New Jersey R.R. & Canal Co. stock,
Morris & Essex R.R. stock,
Par Value.
$25,000 00
10,000 00
5,000 00
100,000 00
10,000 00
1,000 00
3,000 00
50,000 00
8,000 00
100,000 00
100,000 00
70,000 00
50,000 00
500 00
30,000 00
10,000 00
5,000 00
36,050 00
15,000 00
25,000 00
Market Value.
$28,125 00
10,500 00
5,300 00
119,000 00
10,450 00
1,045 00
3,135 00
57,500 00
8,720 00
102,000 00
130,000 00
77,000 00
48,000 00
500 00
29,700 00
10,800 00
5,425 00
60,924 50
37,500 00
42,250 00
Securities held as collateral for cash loans : —
Newark Gas Co. bonds, .....
Consolidated Traction Co. bonds,
$653,550 00 $787,874 50
Market Value. Loaned Thereon.
$3,900 00
4,950 00
S,850 00
53,000 00
2,000 00
£5,000 00
Summary op Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $356,099 43
Loans on mortgage of real estate (first liens*), 295,600 00
Interest due or accrued thereon, . . . 4,653 92
Stocks and bonds, as per schedule, . . . 787,874 50
* Value of lands mortgaged, $281,450 00
Value of buildings thereon 467,150 00
Amount of insurance held as collateral, . . . . 367,900 00
MERCHANTS INSURANCE CO.
2«5
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due,
Reinsurance on losses already paid,
Prem's more than three mos. due, . f 7,051 51
Gross assets,
$5,000 00
19,967 51
28,358 13
5,236 30
137,065 66
465 00
94 68
fl,640,415 13
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, ,
Unearned premiums on outstanding
State and local taxes,
Commissions and brokerage, .
Return premiums and reinsurance,
Miscellaneous, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
risks,
$24,329 73
43,918 95
15,014 80
$83,263 48
6,118 07
$77,145 41
728,679 39
1,317 97
21,292 91
17,773 75
8,757 87
1,797 67
856,764 97
$783,650 16
400,000 00
$383,650 16
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, .....
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, etc., ....
Gross cash income,
$181,309 04
6,1.87 29
$175,121 75
1,140,586 50
11,315.708 25
138,099 61
$1,177,608 64
240,892 71
sources,
- $936,715 93
13,189 75
33,621 44
19,136 12
. f 1,002,663 24
286
MERCHANTS INSURANCE CO. IN PROVIDENCE.
Expenditures.
Cash paid for fire losses, ..... $492,304 14
Deduct salvage and reinsurance, . . . 28,784 36
Net cash paid for fire losses, ....
Cash dividends paid, . .
Cash j>aid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$132,143,874 00
107,898,761 00
$463,519 78
32,000 00
185,108 95
48,512 76
35,365 09
143,705 38
$908,211 96
Premiums.
51,387,985 26
1,140,586 50
$240,042,635 00
96,887,731 00
$143,154,904 00
9,003,561 00
52,528,571 76
1,061,826 28
^1,466,745 48
75,260 57
$134,151,343 00 $1,391,484 91
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.),
Company's stock owned by directors, ....
,226,119 00
9,189,436 00
439,198 00
996,219 00
32,000 00
83,250 00
"MERCHANTS 1 INSURANCE COMPANY IN PROVIDENCE,"
PROVIDENCE, R. I.
[Incorporated May, 1851. Commenced business July, 1851.]
Paid-up Capital, $200,000.
W. T. BARTON", President. W. P. GOODWIN", Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
550 shares Providence Gas Co., . . . $27,500 00 $47,850 00
1,600 " National Bank of Commerce, .' 80,000 00 64,000 00
1,000 " American National Bank, . . 50,000 00 42,500 00
400 " Merchants' National Bank, . . 20,000 00 23,200 00
200 " Globe National Bank, . . . 10,000 00 10,500 00
200 " Phenix National Bank, . . 10,000 00 15,600 00
257 " Mechanics' National Bank, . . 12,850 00 12,978 50
102 " Manufacturers' National Bank, . 10,200 00 14,076 00
100 " Michigan Central R R. Co., . . 10,000 00 10,100 00
MERCHANTS' INSURANCE CO. IN PROVIDENCE.
287
200 shares New York Central R.R. Co., .
100 " Illinois Central R.R Co.,
200 " Chicago & Northwestern R.R. Co, .
100 " St. Paul & Duluth R.R
5 " Underwriters' Salvage Co., N. Y., .
United States bonds,
Chicago, Burlington & Northern R.R. bonds,
Eastern R.R. of Minnesota bonds, .
Minneapolis Street R.R. Co. bonds, .
Lowell & Suburban Street R.R. Co. bonds,
Watchemoket Fire Dist, E. Providence, bonds,
Pawtucket Electric Co. bonds, ....
Bridgeport Traction Co. bonds, . . .
Securities held as collateral for cash loans : -
New Haven & Derby R.R. bonds,
13 shares Boston & Providence R.R ,
Summary op Assets Dec.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, . . . . .
Interest due and accrued,
Premiums in course of collection (gross),
Notes taken for fire risks, .
Gross assets,f •
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
State and local taxes,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Par Value.
20,000 00
10,000 00
20,000 00
10,000 00
500 00
25,000 00
10,000 00
10,000 00
5,000 00
5,000 00
7,500 00
10,000 00
10,000 00
Market Value.
$21,200 00
10,400 00
24,200 00
8,000 00
28,125 00
10,700 00
10,700 00
5,000 00
5,000 00
7,725 00
10,000 00
10,400 00
$373,550 00 |392,254 50
Market Value. Loaned Thereon.
$4,120 00 ) $5 000 00
3,497 00 S
',617 00 $5,000 00
Surplus over capital, .
31, 1897.
$117,750 00
1,085 06
392,254 50
5,000 00
5,347 90
45,877 80
2,939 99
24,867 80
12,140 22
$3,392 50
10,685 66
528 00
193,197 72
294 41
2,649 75
279 81
$607,263 27
211,027 85
$396,235 42
200,000 00
$196,235 42
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$99,700 00
243,000 00
164,500 00
t Including $60,000 special reserve fund held under Rhode Island law.
288
MERCHANTS INSURANCE CO. IN PROVIDENCE.
Income.
Fire premiums outstanding Dec. 31, 1896, . f 35,330 80
Same not collected, . 109 66
Net collected, . . . . . . $35,221 14
Premiums on risks written or renewed, . . 308,682 40
Total, $343,903 54
Premiums now in course of collection, . . 37,008 02
Entire premiums collected, .... $306,895 52
Less reinsurance and return premiums, . . 46,837 88
Net cash fire premiums received, . . .
Interest received on mortgages, ......
Interest and dividends received from all other sources, .
Gross cash income,
$260,057 64
5,163 15
19,287 54
$284,508 33
Expenditures.
Cash paid for fire losses, ..... $138,486 81
Deduct salvage and reinsurance, . . . 7,016 42
Net cash paid for fire losses, ....
Cash dividends paid, . . . . . . . , .
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes, .....
for premium charged to profit and loss,
Gross cash expenditures,
$131,470 39
12,000 00
50,944 11
48,915 86
8,007 10
350 00
$251,687 46
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $32,995,960 00 $385,997 88
. 26,386,825 00 308,682 40
Total, . . ...
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $59,382,785 00 $694,680 28
. 25,705,350 00 307,601 72
.$33,677,435 00 $387,078 56
. 1,004,135 00 10,704 08
. $32,673,300 00 $376,374 48
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent ), .
Company's stock owned by directors, ....
58,333,924 00
5,445,841 00
124,822 00
796,000 00
12,000 00
35,100 00
merchants' and MANUFACTURERS* INSURANCE CO. 289
"MERCHANTS' AND MANUFACTURERS 1 FIRE INSURANCE COM-
PANY OF BALTLMORE CITY," BALTIMORE, MD.
[Incorporated Dec. 26, 1895. Commenced business Jan. 1, 1896.]
Paid up Capital, $200,000.
RUFUS WOODS, President. J. RAMSAY BARRY, Secretary.
United States bonds,
Baltimore city bonds,
Detailed Statement of Stocks and Bonds.
Par Value.
$30,000 00
235,000 00
Market Value.
$35,800 00
245,538 00
Securities held as collateral for cash loans : —
City of Knoxville bonds, .....
300 shares Baltimore City Pass. Railway Co., .
840 " Baltimore Consolidated R'y Co., .
100 " Consolidated Gas Co., Baltimore, .
University of Maryland bonds,
Consolidated Gas Co , Baltimore, bonds, .
Baltimore Traction Co. bonds, . . ' .
Northern Central Railway Co. bonds,
|265,000 00 $281,338 00
Market Value. Loaned Thereon.
$2,100 00
19,800 00
19,320 00
5,300 00
5,000 00
2,310 00-
7,455 00
1,150 00.
$1,666 67
15,000 00
14,000 00
10,000 00
10,000 00
$62,435 00 $50,666 67
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $281,338 00
Loans on collateral security, as per schedule, . 50,666 67
Cash in the office of the company, . . . 1,874 90
Cash deposited in bank, ..... 22,340 91
Interest due and accrued, ....... 3,207 02
Premiums in course of collection (gross), . 27,547 27
All other assets, . ... . . . 100 00
Prom's more than three mos. due, , f 933 49
Gross assets, ......
Deduct special deposits in other States, .
Balance, .......
$387,074 77
12,000 00
|375,074 77
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported, .
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
$3,942 31
19,953 69
$23,896 00
1,800 00
$22,096 00
290 MERCHANTS* AND MANUFACTURERS' INSURANCE CO.
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums and reinsurance, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards polic} r holders, .
Paid-up capital,
Surplus over capital, ,
$81,666 97
8,000 00
105 24
4,455 57
5,111 72
|121,435 50
5,252 60
$116,182 90
$258,891 87
200,000 00
,891 87
Income.
Fire premiums outstanding Dec. 31, 1896, . $11,036 28
Premiums on risks written or renewed, . . 170,940 98
Total, .o $ 181,977 26
Premiums now in course of collection, „ . 27,547 27
Entire premiums collected, .... $154,429 99
Less reinsurance and return premiums, . . 32,849 25
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income, .....
|121,580 74
16,861 90
$138,412 64
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for rent and incidentals, .
Gross cash expenditures, ....
52,050 54
1,143 53
,907 01
8,000 00
27,047 00
10,044 09
5,863 55
10,566 23
,427 88
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. .
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
.$10,909,281 00
. 20,522,637 00
.$31,431,918 00
. 13,687,211 00
.$17,744,707 00
564,431 00
Premiums.
$90,806 40
170,940 98
$261,747 38
108,835 56
$152,911 82
3,730 25
$17,180,276 00 $149,181 57
MICHIGAN FIRE AND MARINE INSURANCE CO.
291
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors,
$291,341 00
43,792 00
53,003 00
24,000 00
16,000 00
88,070 00
"MICHIGAN FIRE AND MARINE INSURANCE COMPANY,"
DETROIT, MICH.
[Incorporated February, 1881. Commenced business March, 1881.]
Paid-up Capital, $400,000.
D. WHITNEY, Jr., President. F. H. WHITNEY, Secretary.
Detailed Statement of Stocks and Bonds.
People's Savings Bank stock,
Marquette city bonds,
Detroit city bonds, .
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
All other assets, .
Gross assets, .....
Par Value.
$5,000 00
32,000 00
10,000 0Q
),763 01
519,120 70
15,401 03
48,250 00
7,862 80
67,677 54
1,679 25
54,082 89
1,969 16
Market Value.
$6,250 00
32,000 00
10,000 00
$47,000 00 $48,250 00
31, 1897.
$805,806 38
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
$3 5 632 62
7,025 63
2,312 50
194,726 09
10,908 09
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$905,62? 00
633,200 00
349.425 00
292
MICHIGAN FIRE AND MARINE INSURANCE CO.
Return premiums and reinsurance, .
Reinsurance disallowed, ,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
>7,075 04
2,803 05
$228,483 02
$577,323 36
400,000 00
$177,323 36
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all
Income from rents, ....
Gross cash income,
$55,337 73
307,745 30
$363,083 03
54,082 89
$309,000 14
68,535 25
other sources, .
$240,464 89
38,231 17
2,938 65
1,296 00
$282,930 7:
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent, . . . .
for repairs on real estate,
for incidentals, ....
Profit and loss — depreciation in real estate, .
Gross cash expenditures, ....
67 42
7,481 58
32,000 00
44,442 95
14,922 00
18,285 52
3,000 00
1,350 15
22,639 94
26,793 40
. $284,119 80
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiams.
.$36,130,222 00 $438,008 22
. 26,191,693 00 307,745 30
Total, . -
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$62,321,915 00 $745,753 52
. 27,097,744 00 336,359 50
. $35,224,171 00 $409,394 02
. 1,955,438 00 22,504 08
.$33,268,733 00 $386,889 94
MIDDLESEX MUTUAL ASSURANCE CO.
293
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, .......
$5,694,208 00
3,051,425 00
120,319 00
250,000 00
32,000 00
199,950 00
" MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE-
TOWN, CONN.*
[Incorporated June 2, 1836. Commenced business June 13, 1836.]
O. VINCENT COFFIN", President. C. W. HARRIS, Secretary.
Detailed Statement of Stocks
Middletown, Conn , town bonds,
Portland, Conn , town bonds, .
Jeffersonville, Ind., city bonds,
Evansville, Ind., city bonds,
American Water Works bonds,
Nebraska Loan & Trust Company bonds
N. Y., New Haven & Hartford R.R bonds,
200 shares N. Y. Cent. & Hudson River R R., .
250
400
200 '
300 '
150 '
40 '
85 '
30 '
10 '
Chic, Rock Island & Pacific R.R., .
N. Y., New Haven & Hart. R.R., .
Chicago, Burlington & Quincy R.R.,
Chicago & Northwestern R.R.,
Middletown National Bank, Conn.,
First Nat'l Bank, Middlet'n, Conn ,
Middlesex Co. N 1 ! B'k, Middletown,
Central Nat'l Bank, Middletown, .
First National Bank, Portland,
and Bonds.
Par Value.
$30,000 00
100,000 00
10,000 00
5,000 00
10,000 00
81,000 00
15,000 00
20,000 00
25,000 00
40,000 00
20,000 00
30,000 00
11,250 00
4,000 00
8,500 00
2,250 00
1,000 00
Market Value.
$30,000 00
100,000 00
10,000 00
4,750 00
10,000 00
81,000 00
21,600 00
21,300 00
22,500 00
73,200 00
20,000 00
40,700 00
15,000 00
4,000 00
7,650 00
2,400 00
1,000 00
$413,000 00 $465,100 00
Summary of Assets Dec. 31, 1897.
J
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Stocks and bonds, as per schedule, .
Cash deposited in bank, .....
Premiums in course of collection (gross),
Gross assets,
$200,000 00
63,300 00
465,100 00
50,311 07
21,234 64
$799,945 71
* A mutual company.
f Value of lands mortgaged, $43,000 00
Value of buildings thereon, . 193,000 00
Amount of insurance held as collateral, .... 115,65000
294
MIDDLESEX MUTUAL ASSURANCE CO.
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding- risks,
State and local taxes, ....
Commissions and brokerage, .
Gross liabilities, . .
Surplus as regards policy holders, .
$5,509 50
9,802 67
1,300 00
17.0,296 06
3,443 46
5,308 66
$195,660 35
$604,285 36
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected, . . .
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
Expenditures
Cash paid for fire losses, ....
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, ....
Gross cash expenditures,
$21,709 33
96,715 26
£118,424 59
21,234 64
$97,189 95
4,606 38
sources,
$92,583 57
4,351 80
23,587 55
9,723 85
$130,246 77
$56,038 49
14,305 01
14,299 99
6,073 21
14,498 50
$105,215 20
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, ......
Deduct risks expired and terminated,
In force at end of year, .
Miscellaneous
Losses paid from organization of company,
Fire losses incurred during the year,
Risks and Premiums.
Premiums.
$41,503,302 00 $338,463 02
13,226,538 00 96,715 26
$54,729,840 00 $435,178 28
11,762,739 00 94,867 48
$42,967,101 00 $340,310 80
$962,828 00
56,038 00
millers' and manufacturers' INSURANCE CO.
295
"MILLERS' AND MANUFACTURERS' INSURANCE COMPANY,"
MINNEAPOLIS, MINN.*
[Reincorporated July 1, 1891. Commenced business August, 1865.]
C. B. SHOVE, President. F. S. DANFORTH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
Northwestern Consolidated Milling Co. bonds, $2,000 00
First National Bank, Minneapolis, stock, . 13,800 00
Nicollet National Bank, Minneapolis, stock, . 17,000 00
Nat'l Bank of Commerce, Minneapolis, stock, 5,000 00
Merchants' National Bank, St. Cloud, stock, . 1,000 00
Market Value.
12,000 00
13,800 00
17,000 00
5,000 00
1,000 00
Securities held as collateral for cash loans : —
Merriman Barrows Co. stock, .
Hardwood Manufacturing Co. stock,
Mortgage bonds, ......
$38,800 00 !§38,800 00
Market Value.
$20,000 00
10,000 00
9,000 00
Loaned Thereon.
$10,000 00
6,500 00
6,500 00
$39,000 00 $23,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liensf)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
Liabilities,
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, .
Surplus as regards policy holders, .
Scrip outstanding, not ordered to be redeemed,
Surplus over scrip, .....
31, 1897.
$101,760 00
40,550 00
400 02
38,800 00
23,000 00
530 29
11,830 65
1,194 00
12,396 14
199 50
$230,660 60
5,056 79
7,650 00
83,300 13
1,999 08
2,871 97
110,877 97
$119,782 63
2,295 73
$117,486 90
* A mutual company.
f Value of property mortgaged, .
Amount of insurance held as collateral, .
$57,000 00
12,100 00
296 millers' and manufacturers' INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896, . $20,767 32
Premiums on risks written or renewed, . . 194,921 07
Total, . . . . . . ' . . $215,688 39
Premiums now in course of collection, . . 12,396 14
Entire premiums collected, . . . . $203,292 25
Less reinsurance and return premiums, . . 27,659 28
Net cash fire premiums received, . , ' .
Interest and dividends received from all sources,
Income from all other sources,
$175,632 97
1,136 06
924 31
Gross cash income,
$177,693 34
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire- losses, ....
Cash dividends paid policy holders,
Cash paid for redemption of scrip, .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for inspections, . . , .
for rents, ......
for incidentals, ....
Gross cash expenditures, ....
$112,282 76
541 25
$111,741 51
18,758 17
649 24
19,489 00
18,327 32
2,351 85
1,797 45
2,000 00
16,371 53
$191,486 07
Risks and Premiums.
Cash Prem's. • Conting't Prem's.
Fire risks outst'g Dec. 31, 1896, $10,161,315 00 $192,406 42 $364,084 39
Fire risks written during 1897, 8,592,914 00 194,921 07 74,134 54
Total,. . . . .$18,754,229 00 $387,327 49 $438,218 93
Deduct risks expired and t'nfd, 9,921,155 00 214,531 53 144,653 02
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
5,833,074 00 $172,795 96 $293,565 91
334,849 00 6,195 69
5,498,225 00 $166,600 27
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year,
$1,079,139 00
98,220 00
MILWAUKEE MECHANICS' INSURANCE CO.
297
"MILWAUKEE MECHANICS 1 INSURANCE COMPANY,"
MILWAUKEE, WIS.
[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.]
Paid-up Capital, $200,000.
CHRISTIAN PREUSSER, President. ADOLF J. CRAMER, Secretary.
Detailed Statement of Stocks and Bonds.
Milwaukee County bonds,
Milwaukee city bonds,
Brown County, Wis., bonds,
Oshkosh City, Wis., bonds,
La Crosse City, Wis., bonds,
St. Paul, Minn , bonds,
Ramsey County, Minn., bonds,
Mil. Underwriters 1 Building Asso. stock,
Sanitary Dist. of Chicago bonds,
South Side (Chic.) Elevated R R. Co. bonds,
Par Value.
$23,000 00
251,500 00
26,000 00
14,000 00
35,000 00
225,000 00
100,000 00
2,576 00
50,000 00
100,000 00
Market Value.
$25,300 00
268,670 00
27.560 00
14,560 00
37,100 00
251,500 00
110,000 00
3,203 20
52,875 00
102,500 00
$827,076 00 $893,268 20
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $45,000 00
Loans on mortgage of real estate (tirst liens*), 1,267,171 78
Interest due or accrued thereon, . . . 30,389 05
Stocks and bonds, as per schedule, . . . 893,268 20
Cash in the office of the company, . . . 69,332 73
Cash deposited in bank, ..... 124,253 81
Interest due and accrued, ..... 5,481 58
Premiums in course of collection (gross), . 137,018 81
Notes taken for marine and inland risks, . 570 00
Gross assets,f
$2,572,485 96
Liabilities.
Losses adjusted, unpaid, $15,151 58
claimed and reported, .... 45,791 96
disputed or resisted, . ' . . 9,984 34
Total amount of losses, $70,927 88
Unearned premiums on outstanding risks, . 856,669 59
Commissions and brokerage, .... 27,403 76
* Value of lands mortgaged $2,083,290 00
Value of buildings thereon, .1,149,480 00
Amount of insurance held as collateral 698,600 00
f Including $200,000 special reserve held by treasurer of State of Wisconsin.
298
MILWAUKEE MECHANICS' IXSUEANCE CO.
Reinsurance, . . . . .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$52,650 39
45,436 70
$1,053,088 32
. $1,519,397 64
200,000 00
,319,397 64
Income.
Fire premiums outstanding Dec. 31, 1896, . $ 159,486 32
Premiums on risks written or renewed, . . 1,206,138 50
Total,. . . . . . . . . f 1,365,624 82
Premiums now in course of collection, . . 137,018 81
Entire premiums collected, .... $1,228,606 01
Less reinsurance and return premiums, . . 240,594 86
Net cash fire premiums received, . . . ■
Interest received on mortgages, ......
Interest and dividends received from all other sources, .
Income from rents, .........
Miscellaneous,
Gross cash income,
$988,011 15
76,029 79
38,235 75
2,900 00
1,218 58
. $1,106,395 27
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, . .
Gross cash expenditures, ....
$435,127 90
43,095 72
$392,032 18
80,000 00
250,679 40
64,538 63
31,704 26
83,323 12
$902,277 59
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$124,676,697 00 $1,645,695 63
. 92,207,175 00 1,206,138 50
Total, . , .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$216,883,872 00 $2,851,834 13
. 83,382,040 00 1,097,692 77
$133,501,832 00 $1,754,141 36
. 8,675,277 00 106,236 60
$124,826,555 00 $1,647,904 76
NATIONAL FIRE INSURANCE CO. 299
Miscellaneous.
Premiums received from organization of company, . $13,417,207 00
Losses paid from organization of company, .... 6,574,371 00
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared daring the year (40 per cent.),
Company's stock owned by directors,
416,970 00
670,000 00
80,000 00
87,560 00
"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD,"
HARTFORD, CONN.
[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.]
Paid-up Capital, $1,000,000.
JAMES NICHOLS, President. E. G. RICHARDS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, ...... $50,000 00 $55,000 00
Atchison, Topeka & Santa Fe Railway bonds, 29,000 00 22,000 00
Bangor & Aroostook R.R. Co. bonds, . . 15,000 00 15,000 00
Buffalo Railway Co. bonds, .... 25,000 00 26,250 00
Cedar Rapids, Iowa Falls & N. W. R'y bonds, 48,000 00 50,400 00
Chesapeake & Ohio Railway bonds, . . 20,000 00 18,000 00
Chicago, Burlington & Quincy R.R. bonds, . 46,200 00 48,350 00
Chicago & Indiana Coal Railway Co. bonds, . 40,000 00 40,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 60,000 00 66,800 00
Chicago North Shore Street R'y Co. bonds, . 25,000 00 25,500 00
Chicago & Northwestern R R. Co. bonds, . 19,000 00 20,520 00
Chicago & Western Indiana R.R. bonds, . . 50,000 00 55,500 00
Cincinnati, Dayton & Ironton R.R. Co. bonds, . 10,000 00 10,500 00
Cincinnati, Hamilton & Dayton R.R. Co. bonds, 15,000 00 16,800 00
Cin., Indian., St. Louis & Chicago R.R. bonds, 35,000 00 35,000 00
Cleve , Columbus, Cin. & Indian. R.R. bonds, . 35,000 00 43,750 00
Cleveland, Loraine & Wheeling R.R. bonds, . 50,000 00 50,000 00
Columbus, Sandusky & Hocking R.R. bonds, . 20,000 00 2,000 00
Columbus & Toledo' R.R. Co. bonds, . . 38,000 00 40,000 00
Danbury & Norwalk R.R. Co. bonds, . . 10,000 00 10,500 00
E.Tennessee, Virginia & Georgia R.R Co.b'ds, 30,000 00 30,000 00
Erie Railway Co. bonds, ..... 20,000 00 27,000 00
Evansville & Terre Haute R.R. bonds, . . 10,000 00 9,500 00
Evansville, Terre Haute & Chic. R'y Co. b'ds, 29,000 00 29,000 00
Hannibal & St. Joseph R.R. Co. bonds, . . 50,000 00 57,500 00
Hartford & Connecticut Western R.R. Co. b'ds, 10,000 00 10,000 00
Houston & Texas Central R.R Co bonds, . 25,000 00 25,000 00
Huntingdon & Broad Top Mt. R.R. & Coal Co. b'ds, 25,000 00 25,000 00
Indiana & Lake Michigan R'y Co. certificates, 10,000 00 8,000 00
Kanawha & Michigan Railway Co. bonds, . 15,000 00 10,500 00
300
NATIONAL FIRE INSURANCE CO.
Par Value. Market Value.
Kansas City Cable Railway Co. bonds, . . $33,000 00 $33,000 00
Knoxville & Ohio R.R. Co. bonds, . . . 20,000 00 22,400 00
Louisville, New Albany & Chic. R'y Co. bonds, 35,000 00 38,500 00
Louisville & Nashville R.R. bonds, . . . 10,000 00 11,500 00
Memphis & Charleston R.R. Co. certificates, . 20,000 00 20,000 00
Mobile & Ohio R.R. Co. bonds, . . . 15,000 00 17,250 00
Montana Central Railway Co. bonds, . . 20,000 00 22,800 00
Morgan's Louisiana & Texas R.R. &S.S. Co. b'ds, 30,000 00 36,000 00
Nashville, Chattanooga & St. Louis R'y Co. b'ds, 15,000 00 16,500 00
Naumkeag Street Railway Co. bonds, . . 20,000 00 20,000 00
N. Y., New Haven & Hartford R.R. certificates, 30,000 00 39,000 00
Nodaway Valley R.R. Co. bonds, . . . 6,000 00 6,000 00
Norfolk & Western bonds, .... 11,000 00 8,250 00
Oregon Railway & Navigation Co. bonds, . 20,000 00 21,600 00
Piedmont & Cumberland Railway Co. bonds, . 25,000 00 25,000 00
Richmond & Danville R.R. Co. bonds, . . 20,000 00 20,000 00
Rochester & Pittsburgh R.R. Co. bonds, . . 40,000 00 46,000 00
Sandusky, Mansfield & Newark R.R. Co. b'ds, 40,000 00 40,000 00
St. Paul, Minneap. & Manitoba R.R Co, bonds, 10,000 00 11,000 00
St. Paul & No. Pacific R'y Co. bonds, . . 35,000 00 42,000 00
St Louis, Alton & Terre Haute R R. Co. bonds, 25,000 00 26,250 00
Savannah, Florida & Western R'y Co. bonds, . 50,000 00 51,000 00
Seattle, Lake Shore & Eastern R'y Co. ctfs., . 20,000 00 6,000 00
Toledo & Ohio Central Railway Co. bonds, . 65,000 00 62,000 00
Toledo Traction Co. bonds, .... 25,000 00 25,000 00
Union Pacific R R. Co. certificates, . . . 30,000 00 31,500 00
Wabash R.R. Co. bonds, 20,000 00 20,000 00
West Chicago Street R R. Tunnel Co. bonds, . 35,000 00 35,000 00
West Virginia Cent. & Pittsburgh R'y Co b'ds, 50,000 00 52,500 00
Willmar & Sioux Falls Railway Co. bonds, . 15,000 00 15,750 00
Galveston city bonds, ..... 25,000 00 25,000 00
Georgia State bonds, 25,000 00 27,000 00
Helena city bonds, 20,000 00 20,000 00
Lincoln city bonds, . . . . . 12,000 00 12,000 00
Meriden town bonds, ..... 10,000 00 10,000 00
New Britain city bonds, ..... 6,000 00 6,000 00
Richmond city bonds, ..... 66,900 00 68,590 00
Silver City, N. M., bonds, .... 10,000 00 10,000 00
Territory of Arizona bonds, .... 20,000 00 20,000 00
Brooklyn Wharf & Warehouse Co. bonds, . 50,000 00 50,000 00
Galveston Wharf Co. bonds, .... 25,000 00 25,000 00
School Dist. No. 2, Springw's Tp., Mich., b'ds, 12,000 00 12,000 00
Suflield & Thompsonville Bridge Co. bonds, . 28,000 00 28,000 00
West Middle School District, Hartford, bonds, 26,000 00 26,000 00
45 shares Atchison, Topeka & Santa Fe R.R., 4,500 00 1,125 00
300 " Belt R.R & Stock Yard Co., Ind'lis, 15,000 00 10,500 00
200 " Cleveland & Pittsburgh R.R., . 10,000 00 16,000 00
120 " Chicago, Burlington & Quincy R.R., 12,000 00 10,200 00
NATIONAL FIRE INSURANCE CO,
301
330 shares
200
«t
167
it
750
it
200
<(
500
it
150
tt
760
tt
100
tt
200
tt
250
tt
70
tt
228
tt
25
tt
40
tt
100
tt
30
tt
509
tt
50
tt
360
tt
75
tt
10
tt
440
tt
70
tt
25
tt
100
tt
207
tt
500
tt
154
tt
100
tt
Chicago, Rock Island & Pacific R.R
Ft. Wayne & Jackson R.R., .
Illinois Central R.R.,
N. Y., New Haven & Hartford R.R,
New York & Harlem R R ,
N. Y. Central & Hudson River R.R
Oswego & Syracuse R.R.,
Pennsylvania R.R., .
Peoria & Bureau Valley R.R ,
Pitts., Fort Wayne & Chicago R.R
iEtna National Bank,
Boston National Bank, Boston,
Charter Oak National Bank, .
Central National Bank, N. Y.,
City Bank, .
Farmers' and Mechanics' N'l Bank,
First National Bank, Meriden,
Hartford National Bank,
Mercantile National Bank,
National Exchange,
Nat'l Bank of the Republic, Boston,
N'l Bank of Commerce, Kan. City,
Phoenix National Bank, .
St. Paul National Bank, .
Second National Bank, New Haven,
Thames National Bank, Norwich, .
Hartford City Gas Light Co., .
Northwestern Telegraph Co.,
Norfolk & Western R R„
Illinois & Mississippi Teleg'ph Co.,
Par Value.
$33,000 00
20,000 00
16,700 00
75,000 00
10,000 00
50,000 00
7,500 00
38,000 00
10,000 00
20,000 00
25,000 00
7,000 00
22,800 00
2,500 00
4,000 00
10,000 00
3,000 00
50,900 00
2,500 00
18,000 00
7,500 00
1,000 00
44,000 00
7,000 00
2,500 00
10,000 00
5,175 00
25,000 00
15,400 00
5,000 00
Market Value.
$26,400 00
24,000 00
16,530 00
130,500 00
29,000 00
50,000 00
15,000 00
40,280 00
16,500 00
32,000 00
35,000 00
5,950 00
20,520 00
3,750 00
4,000 00
11,000 00
3,750 00
69,224 00
1,250 00
21,600 00
10,125 00
1,000 00
52,800 00
4,200 00
4,125 00
14,500 00
8,280 00
27,500 00
6,160 00
3,600 00
!,580,075 00 $2,771,129 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
1252,978 40
774,015 97
2,771,129 00
834 10
248,362 69
385,698 70
$4,433,018 86
127,000 00
Balance, $4,306,018 86
* Value of lands mortgaged, . . .
Value of buildings thereon, .
Amount of insurance held as collateral,
$1,199,050 00
1,279.650 00
807,405 00
302
NATIONAL FIRE INSURANCE CO.
Liabilities,
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance and return premiums, ,
Reinsurance not allowed, . , . .
Reserve for contingencies,
Gross liabilities, except capital,
Deduct liability on special deposits,
),620 03
67,743 34
19,216 64
1,734,945 34
74,318 25
50,755 76
51,877 30
25,000 00
1,104,476 66
47,805 20 .
- f2,056,671 46
Surplus as regards policy-holders,
Paid-up capital, .
. $2,249,347 40
. 1,000,000 00
Surplus over capital, .
,249,347 40
Income.
Fire premiums outstanding Dec. 31, 1896
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interests and dividends received from all
Income from rents, ......
Gross cash income, .
$379,603 56
2,510,923 39
52,890,526 95
385,698 70
1,504,828 25
401,809 22
other sources,
$2,103,019 03
43,487 96
129,707 33
187 10
$2,276,401 42
Expenditures.
Cash paid for fire losses, . . . . $1,073,483 04
Deduct salvage and reinsurance, . . . 98,311 74
Net cash paid for fire losses, ....
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and emplo} 7 ees,
for State and local taxes,
for miscellaneous, ....
Profit and loss, .
,171 30
120,000 00
393,706 91
187,723 67
62,775 03
177,113 71
2,072 59
Gross cash expenditures,
$1,918,563 21
NATIONAL FIRE INSURANCE CO. OF BALTIMORE.
303
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$317,703,967 00 $3,806,255 54
217,025,628 00 2,510,923 39
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$534,729,595 00 $6,317,178 93
215,584,029 00 2,642,464 86
$319,145,566 00 13,674,714 07
. 18,845,323 00 216,569 80
$300,300,243 00 $3,458,144 27
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent.),.
Company's stock owned by directors, .
$24,101,735 00
12,362,311 00
970,989 00
2,297,000 00
120,000 00
78,300 00
"NATIONAL FIRE INSURANCE COMPANY OF BALTIMORE,"
BALTIMORE, MD.
[Incorporated December, 1849. Commenced business May, 1850.]
Paid-up Capital, $200,000.
WM. C. JENNESS, President. GEO. E. TAYLOR, Secretary.
Detailed Statement of Stocks
State of Maryland Exchange Loan, .
Maryland Defence Redemption Loan,
Richmond city bonds, . . . .
State of Virginia bond, .
Consolidated Gas Co. bonds, .
Virginia Midland R.R. Co. bonds, .
Atlanta & Charlotte Air Line R.R. bonds,
Baltimore city funded loan,
National Mechanics 1 Bank of Baltimore, .
National Farmers' & Planters 1 B'k, Baltimore
Citizens' National Bank, Baltimore,
Third National Bank, Baltimore,
First National Bank, Baltimore,
and Bonds.
Par Value.
$4,000 00
2,500 00
10,000 00
1,000 00
5,000 00
3,000 00
2,000 00
150,000 00
4,250 00
2,000 00
2,500 00
2,000 00
4,000 00
Market Value.
f 4,000 00
2,500 00
10,000 00
690 00
5,800 00
3,120 00
2,400 00
159,000 00
8,075 00
3,600 00
5,000 00
1,900 00
4,880 00
$192,250 00 $210,965 00
Summary of Assets Dec 31, 1897.
Cash value of unencumbered real estate, . $43,000 00
Stocks and bonds, as per schedule, . . . 210,965 00
Cash in the office of the company, . , , 637 54
304
NATIONAL FIRE INSURANCE CO. OF BALTIMORE.
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Due from agents (secured),
Gross assets, .....
Deduct special deposits in other States, .
Balance,
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, ........
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents, ......
Received for increased capital, .
Gross cash income, . , .
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance, . . . .
Net cash paid for fire losses, ....
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
$6,853 44
3,593 10
1,089 46
15,001 99
1,140 53
10,690 00
$270,450 53
Liabilities.
Losses adjusted, unpaid, ..... $1,972 00
Losses claimed and reported, . 2,550 00
Unearned premiums on outstanding risks, . 38,483 82
Dividends to stockholders unpaid, . . , 149 95
Commissions and brokerage, .... 1,180 27
Gross liabilities, except capital, . . $44,336 04
Deduct liability on special deposits, , . 10,690 00
Surplus as regards policy holders, .
Paid-up capital, ......
33,646 04
£236,804 49
200,000 00
,804 49
$583 17
67,386 00
$67,969 17
1,089 46
$66,879 71
13,365 09
— - —
$53,514 62
. . •
3,736 65
.
1,307 39
$100,000 00
.
$58,558 66
$14,837 68
1,076 68
>-■»• — ' ■.■•■'
$13,761 00
. .
6,030 70
11,550 45
4,334 83
4,183 46
4,150 24
$44,010 68
NATIONAL STANDARD INSURANCE CO.
305
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured, ■
Net amount in force, .
^5,004,362 00
6,248,260 00
Premiums.
$54,699 14
67,386 00
[1,252,622 00 $122,085 14
4,273,309 00 46,789 38
!,979,313 00 $75,295 76
253,627 00 3,452 88
,725,686 00 $71,842
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (3 per cent.), .
Company's stock owned by directors, ....
$2,458,421 00
1,449,545 00
17,833 00
486,353 00
6,000 00
30,805 00
NATIONAL STANDARD INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.]
Paid-up Capital, $200,000.
E. C. CONVERSE, President. R. BLEECKER RATHBONE, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds,
Massachusetts State bonds,
New York city bonds,
Par Value. Market Value.
$400,000 00 $500,000 00
50,000 00 54,590 10
50,000 00 50,000 00
$500,000 00 $604,590 10
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $604,590 10
Cash deposited in bank, 30,015 .57
Interest due and accrued, 3,791 67
Premiums in course of collection (gross), . 65,968 22
Gross assets, $704,365 56
306
NATIONAL STANDARD INSURANCE CO.
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Return premiums,
Commissions and brokerage, .
Reinsurance, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital, ....
Surplus over capital, .
|53,365 06
4,010 00
$57,375 06
17,998 94
1,376 12
163,907 46
7,654 91
11,748 78
19,150 72
17,094 94
$258,932 93
$445,432 63
200,000 00
$245,432 63
Income.
Fire premiums outstanding Dec. 31, 1896, . $51,813 77
Premiums on risks written or renewed, . . 452,935 97
Total, $504,749 74
Premiums now in course of collection, . . 65,968 22
Entire premiums collected, .... $438,781 52
Less reinsurance and return premiums, . . 189,924 13
Net cash fire premiums received, . . .'
Marine premiums on risks written, . . , $57,554 90
Less reinsurance and return premiums, . . 30,248 80
Net cash marine premiums received, . .
Interest and dividends received from all sources, .
$248,857 39
27,306 10
17,662 28
Gross cash income, $293,825 77
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
mi,970 97
32,513 80
$24,423 38
12,250 37
,457 17
12,173 01
30,000 00
73,036 72
3,025 00
7,690 99
2,339 17
$207,722 06
NEWARK FIRE INSURANCE CO.
307
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,.
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1897,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
5,827,636 00
. 50,080,005 00
. $78,907,641 00
. 42,851,103 00
. $36,056,538 00
. 10,084,384 00
Premiums.
$254,085 62
452,935 97
1707,021 59
373.037 00
$333,984 59
76,739 45
.$25,972,154 00 $257,245 14
. $1,633,820 00
142,400 00
. $1,491,420 00
745,710 00
$57,554 90
5,399 02
,155 88
26,077 94
$745,710 00 $26,077 94
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (15 per cent.),
Company's stock owned by directors, ....
$527,886 00
119,413 00
95,672 00
20,001 00
30,000 00
30,000 00
98,000 00
"NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J.
[Incorporated May 14, 1810. Commenced business May 14, 1810.]
Paid-up Capital, $250,000.
JOHN J. HENRY, President. FRANK T. McBRIDE, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds $30,000 00 $33,600 00
West Shore R.R. bonds, . . . . . 48,000 00 51,840 00
Orange & Newark H. C. R.R. bonds, . . 25,000 00 27,500 00
Newark & Irvington Street R.R. bonds, . . 2,000 00 2,060 00
Newark & Bloomfield Street R.R. bonds, . 2,000 00 2,080 00
Essex Passenger R.R. bonds, .... 5,000 00 5,500 00
Morris & Essex R.R. stock, .... 20,000 00 33,000 00
Underwriters' Protective Asso'n bonds, . . 1,000 00 1,000 00
Newark & South Orange R.R. bonds, . . 20,000 00 20,400 00
Newark city water bonds, .... 3,90000 4,25100
Hoboken Land and Improvement bonds, . 25,000 00 26,250 00
Essex County bonds, 25,000 00 27,250 00
Newark Gas Co. bonds, . . . . . 10,000 00 13,000 00
308
NEWARK FIRE INSURANCE CO.
National State Bank stock,
National Newark Banking Co. stock,
Newark City National Bank stock, .
Summary of Assets Dec.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Rents due and accrued, ....
Gross assets, .....
Liabilities.
Losses adjusted, unpaid, . . . .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Dividends to stockholders unpaid, .
State and local taxes, ....
Commissions and brokerage, .
Reinsurance,
Miscellaneous,
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total, .......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Par Value.
$15,900 00
7,700 00
14,250 00
Market Value.
25,440 00
13,090 00
22,800 00
$254,750 00 $309,061 00
31, 1897.
$61,700 00
271,480 00
3,998 31
309,061 00
975 71
23,346 02
3,678 33
17,534 28
187 00
358 34
$1,130 10
11,583 75
3,255 09
112,047 11
6,382 10
40 38
3,358 65
938 85
246 67
2,318 99
138,982 70
$553,336 29
250,000 00
$303,336 29
$20,728 97
1,875 60
$18,853 37
165,746 35
$184,599 72
22,276 36
$162,323 36
24,515 46
$137,807 90
* Value of lands mortgaged,
Value of buildings thereon,
Amount of insurance held as collateral,
$299,250 00
486,100 00
392,100 00
NEW HAMPSHIRE FIRE INSURANCE CO.
309
Interest received on mortgages, ....
Interest and dividends received from all other sources,
Income from rents,
Received for premiums on securities,
Gross cash income,
$14,406 88
13,353 40
1,205 00
2,668 75
$169,441 93
Expenditures.
Cash paid for fire losses, »
Deduct salvage and reinsurance,
Net cash paid for fire losses, . .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
$62,748 21
6,658 08
Gross cash expenditures,
$56,090 13
25,062 70
26,976 91
19,757 43
5,372 87
20,376 10
|153,636 14
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$26,963,128 00 $252,002 45
. 18,884,821 00 165,746 35
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
$45,847,949 00 $417,748 80
19,580,770 00 180,932 83
$26,267,179 00 $236,815 97
1,670,385 00 14,052 06
$24,596,794 00 $222,763 93
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$5,136,709 00
2,480,118 00
55,600 00
815,780 00
25,000 00
47,675 00
"NEW HAMPSHIRE FIRE INSURANCE COMPANY,"
MANCHESTER, N. H.
[Incorporated 1869. Commenced business April, 1870.]
Paid-up Capital, $1,000,000.
JOHN C. FRENCH, President. CEO. E. KENDALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States government bonds, . . . $100,000 00 $112,500 00
City of Cleveland, Ohio, bonds, . . . 50,000 00 51,000 00
310
NEW HAMPSHIRE FIRE INSURANCE CO.
City of Columbus, Ohio, bonds,
City of Ashtabula, Ohio, bonds,
City of Dayton, Ohio, bonds, .
City of Salem, Mass., bonds, .
Cit} r of East Portland, Ore., bonds,
City of Tacoma, Wash., bonds,
City of Seattle, Wash., bonds, .
City of Lincoln, Neb., bonds, .
City of Moorhead, Minn., bonds,
City of Augusta, Me., bonds, .
City of Chicago, 111., bonds,
Watertown & Rome R R. bonds,
Maine Central R.R bonds,
New York & New England R.R. bonds,
Boston, Concord & Montreal R.R. bonds
Concord & Montreal R.R. bonds,
Fitchburg R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Burlington & Northern R.R. bonds,
Union Pacific R.R. Trust, ....
Oregon Short Line R.R. bonds,
Chicago & West Michigan R R bonds, .
Montana Central R.R. bonds, .
Lehigh Valley Terminal Railway Co. bonds,
Hillsborough County, N. H., bonds,
Minneapolis Gas Light Co. bonds, .
Central Loan & Land Co. bonds,
National Loan & Trust Co. bonds, .
National Card & Glazed Paper Co. bonds,
Grand Forks Gas & Electric Co. bonds, .
Minneapolis General Electric Co. bonds,
Swift & Co. Chicago bonds,
Suncook Valley R.R. stock,
New York Central & Hudson River R.R. stock
N. Y., New Haven & Hartford R.R. stock,
Norwich & Worcester R R. stock, .
Pemigewasset Valley R.R. stock,
Boston & Albany R.R. stock, .
Boston & Maine R.R. stock,
Concord & Montreal R.R. stock,
Delaware & Hudson Canal Co. stock,
Maine Central R.R. stock,
Northern R.R., N. H., stock,
Fitchburg R.R. stock,
Pittsburg, Fort Wayne & Chicago R.R. stock
Chicago, Burlington & Quincy R.R. stock,
Chicago & Alton R.R. stock,
Illinois Central R.R. stock, . . .
Par Value.
$10,000 00
9,000 00
22,000 00
10,000 00
25,000 00
25,000 00
10,000 00
21,000 00
6,000 00
4,000 00
4,000 00
10,000 00
10,000 00
20,000 00
50,000 00
140,000 00
40,000 00
48,000 00
5,000 00
10,000 00
10,000 00
25,000 00
25,000 00
25,000 00
15,000 00
20,000 00
20,000 00
10,000 00
10,000 00
5,000 00
25,000 00
25,000 00
4,000 00
35,000 00
40,000 00
5,000 00
26,000 00
20,000 00
30,000 00
20,000 00
30,000 00
10,000 00
10,000 00
10,000 00
20,000 00
47,400 00
30,000 00
30,000 00
Market Value.
$10,600 00
9,000 00
22,600 00
10,000 00
27,500 00
27,500 00
10,000 00
21,000 00
6,000 00
4,000 00
4,200 00
11,000 00
10,500 00
23,100 00
59,000 00
144,200 00
36,000 00
51,700 00
5,100 00
10,000 00
12,000 00
15,000 00
26,000 00
27,000 00
15,450 00
20,000 00
20,000 00
10,000 00
10,000 00
5,000 00
25,000 00
25,000 00
4,800 00
36,750 00
72,000 00
9,500 00
32,500 00
42,000 00
47,000 00
34,000 00
33,000 00
12,500 00
15,000 00
9,500 00
34,000 00
45,504 00
45,000 00
30,000 00
NEW HAMPSHIRE FIRE INSURANCE CO.
311
Chicago, Rock Island & Pacific R.R. stock,
Chicago June. R'ys & Union Stock Yards Co ,
Lake Shore & Michigan Southern R.R. stock,
Chicago & Northwestern R.R. stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Merchants' N'l B'k, Manchester, N. H., stock,
Merchants 1 N'l B'k, Kansas City, Mo., stock,
Pemigewasset N'l B'k, Plymouth, N. H., stock
Berlin National Bank, Berlin, N. H., stock,
First Nat'l Bank, Peterborough, N. EL, stock,
First National Bank, Concord, N. H., stock,
Laconia National Bank, Laconia, N. H., stock,
Lancaster Nat'l Bank, Lancaster, N. H., stock,
Lancaster Trust Co., Lancaster, N. H., stock,
Exeter Banking Co., Exeter, N. H., stock,
Amoskeag Mfg. Co., Manchester, N. H., stock
Manchester Mills, Manchester, N. H,, stock,
Stark Mills, Manchester, N. H., stock,
Quincy R.R. Bridge Co., stock,
Pullman's Palace Car Co. stock,
Manchester, N. H., Gas Light Co., stock,
American Express Co. stock, .
Adams Express Co. stock,
Securities held as collateral for cash loans : —
Mortgage notes guaranteed,
300 shares Swift Refrigerator Trans. Co.,
240 " preferred stock Exeter Mfg. Co.,
Exeter Mfg. Co. bonds, ....
Mortgage note,
10 shares Winnipiseogee Paper Co.,
Tar Value.
$20,000 00
20,000 00
30,000 00
40,000 00
20,000 00
12,000 00
4,500 00
6,000 00
2,500 00
5,000 00
8,000 00
2,500 00
2,500 00
2,500 00
1,000 00
10,000 00
30,700 00
10,000 00
20,000 00
30,000 00
2,000 00
10,000 00
10,000 00
Market Value.
$17,600 00
22,000 00
51,000 00
48,000 00
23,000 00
15,000 00
2,250 00
7,800 00
3,000 00
6,500 00
24,000 00
2,500 00
3,000 00
2,500 00
1,000 00
14,000 00
30,700 00
9,000 00
32,000 00
51,000 00
12,000 00
11,500 00
15,000 00
.,510,600 00 $1,784,354 00
Market Value.
$6,000 00
36,000 00
12,000 00
12,000 00
4,000 00
15,000 00
Loaned Thereon.
|5,000 00
25,000 00
10,000 00
10,000 00
3,300 00
10,000 00
$85,000 00 $63,300 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens),
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, . . .
Premiums in course of collection (gross) ,
Gross assets,
31, 1897.
$117,247 31
655,001 99
1,784,354 00
63,300 00
96 98
177,173 31
140,146 17
$2,937,319 76
Liabilities.
Losses adjusted, unpaid, .
Losses claimed and reported,
,814 12
74,209 50
312
NEW HAMPSHIRE FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ......
$955,326 74
28,029 23
Surplus over capital,
$1,096,379 59
$1,840,940 17
1,000,000 00
,940 17
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
$156,842 44
1,227,919 62
$1,384,762 06
140,146 17
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
. $1,244,615 89
218,227 53
. ■ $1,026,388 36
28,724 49
Interest and dividends received from all other sources, . . 86,879 16
Income from rents, 5,308 68
Received for increased capital, . . . $100,000 00
Gross cash income, $1,147,300 69
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
$509,713 00
36,992 65
$472,720 35
81,000 00
224,311 35
50,783 01
37,618 07
116,342 86
Gross cash expenditures, ....
Risks and Premiums.
,775 64
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Premiums.
$134,476,064 00 $ 1,807,149 74
106,626,111 00 1,227,919 62
$241,102,175 00 $3,035,069 36
100,826,217 00 1,127,116 79
$140,275,958 00 $1,907,952 57
5,933,836 00 74,484 56
Net amount in force, .
$134,342,122 00 $1,833,468 01
NEW YOKK FIRE INSURANCE CO.
313
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (9 per cent.), .
Company's stock owned by directors, . .
$14,457,069 00
7,647,268 00
483,854 00
973,000 00
81,000 00
280,000 00
"NEW YORK FIRE INSURANCE COMPANY," NEW YORK, N. Y,
[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.]
Paid-up Capital, $200,000.
AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary.
Detailed Statement of Stocks
Consolidated stock (New York city),
United States bonds, ....
Brooklyn city bonds,
Lake Shore & Mich. Southern R.R. stock
Brooklyn City R.R. stock,
Dela., Lackawanna & West. R.R. stock,
N. Y., New Haven & Hartford R.R. stock,
and Bonds.
Par Value.
$100,000 00
80,000 00
50,000 00
10,000 00
10,000 00
10,000 00
10,000 00
Market Value.
$90,000 00
84,250 00
50,000 00
17,100 00
19,500 00
15,400 00
18,350 00
$270,000 00 $294,600 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash deposited in bank, . . .
Interest due and accrued, . .
Premiums in course of collection (gross)
Rents due and accrued, . . ,
Gross assets, .
$100,000 00
294,600 00
8,822 69
3,864 00
23,927 04
66 66
— - $431,280 39
Liabilities.
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Due and accrued for agency expenses, etc.,
Commissions and brokerage, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital,
$12,761 64
65,400 85
2,350 42
3,589 05
84,101 96
$347,178 43
200,000 00
$147,178 43
314
NEW YORK FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896, . $21,132 75
Premiums on risks written or renewed, . . 159,822 20
Total, $180,954 95
Premiums now in course of collection, . . 23,927 04
Entire premiums collected, .... $157,027 91
Less reinsurance and return premiums, . . 25,597 72
Net cash fire premiums received, . . .
Interest and dividends received from all sources, . ...
Income from rents,
Taxes refunded,
Gross cash income,
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance, .
Net cash paid for fire losses, . . .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
$47,273 86
236 92
$131,430 19
9,000 33
3,916 69
967 74
$145,314 95
$47,036 94
12,000 00
14,108 86
31,387 84
4,537 19
6,668 51
. $115,739 34
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
.$15,692,518 00 $136,370 26
. 20,586,111 00 159,822 20
Total, . . ....
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$36,278,629 00 $296,192 46
. 19,418,414 00 163,037 47
,860,215 00 $133,154 99
313,465 00 2,353 28
,546,750 00 $130,801 71
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ... .
55,591,970 00
2,486,806 00
59,181 00
1,466,000 00
1 12,000 00
70,000 00
NIAGARA FIRE INSURANCE CO.
315
"NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated July, 1850. Commenced business August, 1850.]
Paid-up Capital, $500,000.
HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary.
Detailed Statement of Stocks
United States bonds, .
New York city school bonds,
New York city water bonds,
Jersey City bonds, .
Albany & Susquehanna bonds,
Chicago, Milwaukee & St. Paul R'y bonds,
Morris & Essex R'y Co. bonds,
Chateaugay Ore & Iron Co. bonds, .
St. Paul (Minn.) Gas Light Co. bonds,
Town of Lake (111.) Gas Co bonds,
Equitable Gas Light Co., Chicago, bonds
American Dock Improvement bonds,
County of Essex, N. J., park bonds,
New York & New England R'y Co. bonds,
Wabash Railway Co. bonds,
Chic, St. Paul, Minn. & Omaha R'y Co. bonds,
New York Central & Hud. River R.R. bonds,
Lehigh & Wilkesbarre Coal Co. bonds, .
Brooklyn Union Gas Co. bonds,
Columbus & Toledo R'y bonds,
Chicago & Erie R'y Co. bonds,
Phila. & Reading Coal & Iron Co. bonds,
Lehigh Coal & Navigation Co. bonds,
Central Pacific R.R. of Cal. bonds, .
Northern Pacific R.R. bonds, .
Atchison, Topeka & Santa Fe R.R. bonds,
350 shares American Exchange Nat'l Bank,
200 '
300 '
134 '
50 '
200 ■
300
125
Chicago & Northwestern R'y,
N. Y., Lackawanna & Western R'y
Delaware & Hudson Canal Co.,
Western National Bank, .
Chicago, Milwaukee & St. Paul,
Central R.R. of New Jersey, .
Northern Pacific R.R,,
and Bonds.
, Par Value.
$115,000 00
200,000 00
60,000 00
10,000 00
23,000 00
25,000 00
21,000 00
25,000 00
15,000 00
20,000 00
25,000 00
10,000 00
20,000 00
10,000 00
20,000 00
15,000 00
5,000 00
20,000 00
10,000 00
10,000 00
20,000 00
20,000 00
25,000 00
50,000 00
37,500 00
25,000 00
35,000 00
20,000 00
30,000 00
13,400 00
5,000 00
20,000 00
30,000 00
12,500 00
Market Value.
$135,975 00
200,000 00
60,000 00
11,175 00
28,190 00
30,000 00
29,400 00
12,500 00
15,750 00
21,000 00
26,250 00
11,400 00
20,400 00
12,000 00
21,000 00
20,100 00
5,750 00
20,000 00
11,000 00
11,400 00
22,000 00
17,000 00
26,000 00
50,000 00
31,125 00
22,250 00
58,800 00
24,000 00
36,000 00
14,740 00
6,250 00
28,000 00
28,500 00
7,000 00
$ 1,002,400 00 $1,074,955 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $1,000,000 00
Loans on mortgage of real estate (first liens*), 302,700 00
* Total value of property mortgaged, $520,450 00
Amount of insurance held as collateral, .... 237,500 00
316
NIAGARA FIRE INSURANCE CO.
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Notes taken for fire risks,
Rents due and accrued,
Gross assets, ....
Deduct special deposits in other States,
$3,284 16
1,074,955 00
393 91
119,871 92
4,202 31
254,382 38
333 34
4,204 98
!,764,328 00
116,100,00
Balance, $2,648,228 00
Liabilities.
Total amount of losses, ,
Less reinsurance, .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, ,
Reinsurance disallowed, ....
Reserved for contingent liability, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$147,992 79
14,930 12
$133,062 67
1,297,624 47
43,245 00
5,024 28
40,191 21
75,000 00
.,594,147 63
14,882 77
1,579,264 86
1,068,963 14
500,000 00
$568,963 14
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
xotal, . « • t t i i
Premiums now in course of collection, ,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . ,
Interest received on mortgages,
Interest and dividends received from all other
^Income from rents,
Gross cash income,
$259,517 31
2,133,295 22
$2,392,812 53
254,382 38
$2,138,430 15
514,835 15
sources,
$1,623,595 00
7,097 00
44,442 58
27,328 00
$1,702,462 58
THE NORTH BRITISH AND MERCANTILE INSURANCE CO. 317
Expenditures.
Cash paid for fire losses, . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Gross cash expenditures, .
$868,556 01
129,231 70
$7,557 67
6,270 47
$739,324 31
1,2,87 20
50,262 50
306,768 13
158,427 68
40,594 51
130,704 31
$1,427,368 64
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
1296,023,321 00 $2,731,311 99
212,275,658 00 2,133,295 22
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$508,298,979 00 $4,864,607 21
204,272,901 00 2,031,882 48
$304,026,078 00 $2,832,724 73
34,749,603 00 331,503 95
$269,276,475 00 $2,501,220 78
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company
Dividends declared during the year (10 per cent.),
Company's stock owned by directors,
$39,859,666 00
21,782,274 00
726,536 00
2,484,000 00
50,000 00
145,250 00
"THE NORTH BRITISH AND MERCANTILE INSURANCE
COMPANY OF NEW YORK," NEW YORK, N. Y.
[Incorporated in 1897. Commenced business Oct. 1, 1897.]
Paid-up Capital, $200,000.
H. E. BOWERS, President. PERRY DEAN, Asst. Secretary.
United States bonds,
New York city bonds,
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
,000 00 $56,250 00
50,000 00 49,900 00
318 THE NORTH BRITISH AND MERCANTILE INSURANCE CO.
Brooklyn city bonds,
Pennsylvania Co. bonds,
New York State bonds,
Par Value.
$50,000 00
61,000 00
50,000 00
Market Value.
$53,437 00
70,455 00
51,000 00
$261,000 00 $281,042 00
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $281,042 00
Cash deposited in bank, ..... 23,221 09
Interest due and accrued, 3,797 00
Premiums in course of collection (gross), to
amount of unearned premiums, . . . 7,470 50
Gross assets,
Liabilities.
Unearned premiums on outstanding risks, . $7,470 50
Commissions and brokerage, .... 1,548 68
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
Income.
Premiums on risks written, .... $15,055 33
Premiums now in course of collection, . . 10,888 37
Entire premiums collected, . . . . $4,166 96
Less reinsurance and return premiums, . . 114 33
Net cash fire premiums received, . . .
Interest and dividends received from all sources, .
Gross cash income, .
Expenditures.
Cash paid for commissions and brokerage, ....
for State and local taxes,
for miscellaneous, .
Gross cash expenditures,
Risks and Premiums.
Fire risks written during 1897, . . . $3,024,900 00
Deduct risks expired and terminated, . . 10,500 00
$315,530 59
In force at end of year,
Miscellaneous.
Premiums received from organization of company,
Company's stock owned by directors,
9,019 18
,511 41
200,000 00
,511 41
t,052 63
945 25
t,997 88
$621
70
181
65
875
88
,679 2^
Premiums.
$15,055 33
114 33
5,014,400 00 $14,941 00
$4,052 63
5,500 00-
NORTHERN INSURANCE CO. OF NEW YORK.
319
"NORTHERN INSURANCE COMPANY OF NEW YORK," NEW
YORK, N. Y.
[Incorporated Oct. 22, 1897. Commenced business Oct. 25, 1897.]
Paid-up Capital, $200,000.
LEANDER N. LOVELL, President. JAMES MARSHALL, Secretary.
Detailed Statement of Stocks and Bonds.
New York city bonds,
West Shore R.R. bonds,
United States bonds, .
Par Value.
$200,000 00
50,000 00
25,000 00
Market Value.
$214,666 68
54,500 00
28,656 25
$275,000 00 $297,822 93
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross).
Gross assets,
$297,822 93
8,897 35
1,000 00
47,063 88
$354,784 16
Liabilities.
Losses claimed and reported, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums,
Reinsurance, . . . . .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital,
$11,608 07
143 75
$11,464 32
65,122 35
12,814 82
6,099 07
2,061 82
97,562 38
$257,221 78
200,000 00
$57,221 78
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Income from return commissions, .
Gross cash income, ....
$163,431 55
47,063 88
$116,367 67
45,447 52
$70,920 15
473 75
$71,393 90
320
NORTHWESTERN NATIONAL INSURANCE CO.
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for commissions and brokerage,
Cash paid for State and local taxes,
Gross cash expenditures,
$4,235 61
4 20
Risks and Premiums.
Fire risks written during 1897,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $20,376,451 00
. 3,802,373 00
. $16,574,078 00
200,775 00
$4,231 41
11,804 74
480 25
,516 40
Premiums.
$163,431 55
34,576 56
$128,854 99
1,411 62
.$16,373,303 00 $127,443 37
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors,
$70,920 00
4,231 00
15,837 00
66,900 00
"NORTHWESTERN NATIONAL INSURANCE COMPANY OF
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS.
[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.]
Paid-up Capital, $600,000.
ALFRED JAMES, President. WILFORD M. PATTON, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . . . $200,000 00 $224,000 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 250,000 00 298,000 00
Milwaukee, L. S. & Western R.R. bonds, . 50,000 00 64,000 00
Milwaukee & Northern R.R. bonds, . . 50,000 00 59,000 00
Chicago & Northwestern R.R. bonds, . . 100,000 00 112,000 00
Milwaukee city bonds, . . . . . 117,000 00 122,470 00
Chicago Sanitary District bonds, . . . 50,000 00 52,500 00
Waukesha sewerage bonds, .... 30,000 00 31,500 00
Chicago, Burlington & Quincy R.R. bonds, . 50,000 00 57,000 00
Atchison, Topeka & Santa Fe Railway bonds, 50,000 00 43,000 00
Southern Railway Co. bonds, . . * . . 50,000 00 46,500 00
$997,000 00 $1,109,970 00
NORTHWESTERN NATIONAL INSURANCE CO.
321
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $1,015,5.56 67
Interest due or accrued thereon, . . . 8,795 35
Stocks and bonds, as per schedule, . . . 1,109,970 00
Cash in the office of the company, . . . 4,351 59
Cash deposited in bank, ..... 120,488 02
Interest due and accrued, . . . . . . 3,166 QQ
Premiums in course of collection (gross), . 181,307 04
Gross assets, . . . . ' . . $2,446,635 33
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, .....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, ,
Paid-up capital, .
Surplus over capital, ....
$9,977 96
55,203 40
4,400 00
,581 36
9,977 04
),604 32
1,027,345 01
47,576 76
1,140 30
1,135,666 39
51,310,968 94
600,000 00
$710,968 94
Income.
Fire premiums outstanding Dec. 31, 1896, . $93,451 99
Same not collected, ...-...'. 71 91
Net collected, ........ $93,380 08
Premiums on risks written or renewed, . . 1,148,561 19
Total, ........ $1,241,941 27
Premiums now in course of collection, . . 184,307 04
Entire premiums collected, 4 $1,057,634 23
Less reinsurance and return premiums, . , 144,846 53
Net cash fire premiums received, . , . — — — $912,787 70
Interest received on mortgages, ...... 49,986 52
Interest and dividends received from all other sources, . . 50,402 17
Income from profit on sale of bonds, ..... 12,165 42
Gross cash income, ........ $1,025,341 81
* Value of lands mortgaged, $2,363,180 00
Value of buildings thereon, 1,784,117 00
Amount of insurance held as collateral, .... 890,000 00
322
NORWALK FIRE INSURANCE CO,
Expenditures.
Cash paid for fire losses, „ . . .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
Gross cash expenditures, ....'..
$338,401 93
21,406 70
$316,995 23
72,000 00
230,746 91
101,087 85
21,702 39
65,054 61
$807,586 99
Fire risks outstanding Dec, 31, 1896
Fire risks written during 1897,
Risks and Premiums.
Premiums,
$150,961,150 00 $1,654,144 99
108,041,230 00 1,148,561 19
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$259,002,380 00 $2,802,706 18
72,270,646 00 823,658 49
$186,731,734 00 $1,979,047 69
10,385,181 00 95,747 72
$176,346,553 00 $1,883,299 97
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire and tornado losses incurred during the year, ,
Cash dividends declared from organization of company,
Dividends declared during the year (12 per cent),
Company's stock owned by directors, .
$13,967,992 00
. 7,004,207 00
. 342,078 00
. 1,347,000 00
72,000 00
321,400 00
"NORWALK FIRE INSURANCE COMPANY," NORWALK, CONN.
[Incorporated 1859. Commenced business May, I860.]
Paid-up Capital, $200,000.
ARCHIBALD G. McILWAINE, Jr., President. FERRIS E. SHAW, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
$125,000 00 f 139,208 34
25,000 00 26,083 34
5,000 00 5,420 84
25,000 00 27,593 75
25,000 00 27,156 25
20,000 00 21,025 00
9,000 00 8,685 00
40,000 00 44,000 00
United States bonds, .
New Britain, Conn., bonds,
New London, Conn., bonds,
Norwalk, Conn , bonds, .
South Norwalk, Conn , bonds,
Willimantic, Conn., bonds,
Central Ohio R.R. bonds, .
Central R.R. of New Jersey bonds,
NORWALK FIRE INSURANCE CO,
323
Chesapeake & Ohio R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
Chicago & Erie R R. bonds,
Lehigh Valley Terminal Railroad bonds,
Milwaukee, Lake Shore & Western R.R. bonds
New York, Ontario & Western R.R. bonds,
N. Y., Susquehanna & Western R.R. bonds,
Philadelphia & Reading Terminal R.R. bonds
West Shore R.R. bonds, ....
25 shares Chicago, Burlington & Quincy R.R
Chicago, Milwaukee & St. Paul R.R
Chicago, Rock Island & Pacific R.R
Lake Shore & Michigan South. R.R
N. Y., Lackawanna & Western R.R
Central National Bank of Norwalk
Fairfield County National Bank,
National Bank of Norwalk, Conn ,
Fourth National Bank, New York,
German-American Bank, New York
Norwalk Gas Light Co., .
65
33
30
50
15
8
18
40
15
23
Par Value.
$7,500 00
5,000 00
10,000 00
12,000 00
3,000 00
8,000 00
3,000 00
10,000 00
20,000 00
2,500 00
6,500 00
3,300 00
3,000 00
5,000 00
1,500 00
800 00
1,800 00
4,000 00
1,125 00
575 00
Market Value.
$8,375 00
5,768 75
10,966 67
13,110 00
4,020 00
8,486 67
3,060 00
11,716 67
21,700 00
2,491 67
7,281 25
2,970 00
5,100 00
5,975 00
1,455 00
376 00
1,746 00
7,460 00
1,265 63
555 83
$382,600 00 $423,052 66
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Reinsurance,
Gross assets, .....
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc.,
Commissions and brokerage, .
Reinsurance, . .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital,
$423,052 66
1,777 41
53,868 98
6,375 34
30,324 31
20 12
$201 00
12,719 00
$12,920 00
540 00
$12,380 00
102,461 18
2,086 20
6,767 80
3,388 89
254 93
$515,418 82
127,339 00
$388,079 82
200,000 00
$188,079 82
324
NORWALK FIRE INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896, . $32,245 52
Premiums on risks written or renewed, . . 220,248 98
Total, . . . . . ■ i . . $252,494 50
Premiums now in course of collection, . . 30,324 31
Entire premiums collected, .... $222,170 19
Less reinsurance and return premiums, . . 64,975 48
Net cash fire premiums received, .
Interest and dividends received from all sources,
#157,194 71
17,164 39
Gross cash income, . $174,359 10
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance, . ,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
,for salaries of officers and employees,
for State and local taxes,
for rents and incidentals,
$59,723 89
6,246 20
$53,477 69
35,044 14
9,582 48
3,025 26
7,422 27
Gross cash expenditures, .
,551 84
Fire risks outstanding Dec 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
.$16,661,085 00 $158,613 99
. 26,072,616 00 220,248 98
Total, ......
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $42,733,701 00 $378,862 97
. 18,523,561 00 158,997 62
.|24,210,140 00 $219,865 35
. 3,077,841 00 34,353 91
$21,132,299 00 $185,511 44
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Company's stock owned by directors, ....
$768,944 00
285,403 00
57,186 00
122,425 00
2,700 00
NORWOOD INSURANCE CO.
325
"NORWOOD INSURANCE COMPANY OF NEW YORK," NEW
YORK, N. Y.
[Incorporated Sept. 20, 1895. Commenced business Sept. 21, 1895.]
Paid-up Capital, $200,000.
JOHN" W. MURRAY, President. J. JAY NESTELL, Secretary.
Detailed Statement of Stocks and Bonds.
New York city bonds,
Brooklyn city bonds,
Par Value. Market Value.
. |175,000 00 $175,750 00
20,000 00 20,900 00
$195,000 00 $196,650 00
Summary op Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $196,650 00
Cash in the office of the company, . . „ 3,397 71
Cash deposited in bank, 28,276 59
Interest due and accrued, ..... 1,245 82
Premiums in course of collection (gross), . 38,597 73
Reinsurance, 896 90
Prem's more than three mos. due, . $6,863 84
Gross assets, ...... _-«__
$269,064 75
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance, .....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
$19,709 61
1,852 89
$21,562 50
785 00
$20,777
50
23,447
90
7,719
55
264 57
65 53
52,275 05
^216,789 70
200,000 00
Surplus over capital, .
$16,789 70
326
NORWOOD INSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, . . .
Net collected, ......
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, . .
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896, .
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources,
Received for calls on capital, ....
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent and incidentals, .
Gross cash expenditures, .
Risks and Premiums.
$181,451 94
6,261 38
$175,190 56
269,163 98
$444,354 54
38,347 73
$406,006 81
354,628 79
— — — —
$51,378 02
$2,622 99
78,106 80
$80,729 79
250 00
$80,479 79
72,541 43
7,938 36
.
5,188 89
$25,000 48
$237,011 07
64,235 85
$41,770 62
3,394 21
,505 27
$172,775 22
38,376 41
10,000 00
67,421 99
23,230 22
8,477 52
18,256 51
$338,537 87
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured, . .
Net amount in force, . • .
. $40,903,580 00
. 20,133,688 00
Premiums.
$469,819 94
269,163 98
$738,983 92
454,296 92
$284,687 00
238,241 41
5,672,650 00 $46,445 59
.$61,037,268 00
. 24,669,661 00
. $36,367,607 00
. 32,694,957 00
ORIENT INSURANCE CO.
327
Marine risks outstanding Dec. 31, 1896, .
Marine risks written during 1897, .
M ,624,970 00
3,892,129 00
Total, . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $5,517,099 00
. 2,438,668 00
. $3,078,431 00
. ' 3,073,431 00
$5,000 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, .
Premiums.
$52,819 19
78,106 80
$130,925 99
42,614 57
,311 42
88,061 42
$250 00
,305,520 00
445,735 00
165,105 00
42,122 00
30,000 00
10,000 00
110,575 00
"ORIENT INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated June, 1867. Commenced business January, 1872.]
Paid-up Capital, $500,000.
CHARLES B. WHITING, President. JAMES U. TAINTOR, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
American Nat'l Bank, Hartford, . $25,200 00 $35,280 00
JEtna National Bank, Hartford, . 12,200 00 17,080 00
Charter Oak N'l Bank, Hartford, . 13,000 00 12,350 00
Farm. & Mech. N'l B'k, Hartford, 10,400 00 11,648 00
Mercantile Natl Bank, Hartford, 15,200 00 4,560 00
Phoenix National Bank, Hartford, 7,400 00 9,398 00
Exchange Nat'l Bank, Hartford, . 10,000 00 12,000 00
City National Bank, Hartford, . 11,300 00 11,752 00
First National Bank, Hartford, . 7,100 00 7,952 00
Hartford Natl Bank, Hartford, . 100,000 00 136,000 00
Conn. T. and S Dep. Co,, Hart., . 10,000 00 16,500 00
Thames Nat'l Bank, Norwich, . 20,000 00 30,000 00
First National Bank, Norwich, . 8,000 00 8,000 00
Rockville Nat'l Bank, Rockville, . 600 00 600 00
Mechanics' Nat'l Bank, New York, 7,550 00 14,345 00
Holland Trust Co., New York, . 5,000 00 3,750 00
N'l Ger. Am. B'k, St Paul, Minn , 2,500 00 1,875 00
N. Y., N. H. & Hartford R.R., . 80,400 00 147,132 00
Pennsylvania R.R., . . . 20,200 00 23,028 00
N. Y. C. & H. R. R.R., . . . 22,000 00 23,320 00
Union Pacific RR., . . . 5,000 00 1,300 00
504 s
bares
122
ti
130
u
104
tt
152
It
74
tt
200
tt
113
ii
71
tt
1,000
it
100
((
200
tt
80
tt
6
k
302
it
50
(t
25
tt
804
tt
404
tt
220
tt
50
tt
328
ORIENT INSURANCE CO.
Par Value. Market Value.
100 shares Central Pacific RR, .. . . f 10,000 00 $1,100 00
400 " Cleveland & Pittsburgh R.R. Co., 20,000 00 33,600 00
300 " C, B. & Quincy R.R., . . . 30,000 00 30,000 00
300 " Illinois Central R.R., . . . 30,000 00 29,950 00
200 " Chic, Rock Island & Pacific R.R., 20,000 00 18,000 00
170 " Southern Railway Co., . . . 17,000 00 5,270 00
100 " Chicago & Northwestern R.R , . 10,000 00 16,300 00
100 " Delaware & Hudson Canal Co., . 10,000 00 11,100 00
150 " Cleve., Term. & Valley RR. Co., . 15,000 00 1,500 00
100 " Rensselaer & Saratoga R.R. Co., . 10,000 00 17,600 00
100 " Chic. Jet. R'y & U. S'k Yd. Co., . 10,000 00 10,900 00
200 " Morris & Essex R R. Co., . . 10,000 00 16,800 00
50 " Old Colony R R. Co., . . . 5,000 00 9,350 00
300 " Northwestern Telegraph Co., . 15,000 00 16,500 00
50 " Connecticut River R.R. Co., . . 5,000 00 12,750 00
200 " Minn & St. Louis RR, . . 20,000 00 17,600 00
84 " Detroit, Gr. Rapids & West. R.R., 8,400 00 2,100 00
75 " Norfolk & Western R.R., . . 7,500 00 3,525 00
113 " Atchison, Topeka& Santa FeR.R., 11,300 00 3,390 00
100 " Southwestern R.R. Co. of Georgia, 10,000 00 9,600 00
100 " American Sugar Refining Co., . 10,000 00 11,400 00
Georgia State bonds, 25,000 00 29,250 00
County of Coffey, Kan , bonds, . . . 10,000 00 10,600 00
County of Dickinson, Kan , bonds, . . . 10,000 00 10,600 00
County of Finney, Kan., bonds, . . . 10,000 00 10,700 00
County of Kidder, Dak., bonds, . . . 5,000 00 5,300 00
County of Wichita, Kan , bonds, . . . 4,000 00 4,240 00
County of Pierce, Wash., bonds, . . . 10,000 00 10,600 00
County of Glynn, Ga., bonds, . . . . 10,000 00 10,300 00
County of White, Tenn., bonds, . . . 8,000 00 8,000 00
City of Evansville, Ind., bonds, . . . 20,000 00 20,000 00
City of New Brunswick, N. J., bonds, . . 10,000 00 10,100 00
City of Richmond, Va., bonds, .... 24,000 00 30,240 00
City of Norfolk, Va , bonds, .... 20,00000 21,60000
City of Sioux Falls, Dak., bonds, . . . 13,000 00 14,300 00
City of Wichita Falls, Tex., bonds, . . . 10,000 00 10,000 00
City of Fort Worth, Tex., bonds, . . . 10,000 00 10,000 00
City of Fayetteville, N. C, bonds, . . . 10,000 00 10,300 00
Town of Thomaston, Conn., bonds, . . . 15,000 00 15,750 00
Medicine Lodge Township, Kan., bonds, . . . 5,000 00 4,000 00
Bethany Township, Kan., bonds, . . . 4,000 00 4,240 00
Oswego Township, Kan , bonds, . . . 5,000 00 5,000 00
Precinct of Stanton, Neb., bonds, . . . 8,000 00 8,560 00
Precinct of Beaver, Neb., bonds, . . . 5,000 00 5,350 00
Vermont Valley R.R. Co. bonds, . . . 25,000 00 27,500 00
Pittsburgh, Cleveland & Toledo R.R. bonds, . 10,000 00 10,000 00
Kansas Pacific R.R. bonds 10,000 00 8,500 00
C, C, Cincinnati & Indianapolis R.R. bonds, . 35,000 00 45,000 00
ORIENT INSURANCE CO.
329
Morris & Essex R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Dayton & Michigan R.R. bonds,
Terre Haute & Logansport R.R. bonds, .
Chicago, Burlington & Northern R R. bonds,
Ohio & West Virginia R.R. bonds, .
Columbus & Toledo R R. bonds,
Cincinnati, Jackson & Mackinaw R R. bonds,
East. Tenn , Virginia & Georgia R.R bonds,
Southern R.R. bonds, ....
Detroit, Grand Rapids & West'n R R. bonds,
Hartford Street Railway bonds,
Anderson, Ind., Electric Street R'y Co. bonds,
Philadelphia & Reading R.R Co. bonds, .
Indiana & Lake Michigan R.R. Co bonds,
Atchison, Topeka & Santa Fe R.R. bonds,
Chicago, Burlington & Quincy R.R. bonds,
N. Y., N. H. & H. R R bonds, .
Norfolk & Western R R. bonds,
Cleveland, Terminal & Valley R.R. bonds,
Baltimore Belt R.R. Co. bonds,
Cincinnati, Dayton & Ironton R.R., .
Kanawha & Michigan R.R.,
Chicago, Rock Island & Pacific bonds,
West Chicago St. R.R. Tunnel Co. bonds,
Minneapolis & St. Louis R.R. Co. bonds,.
Savannah, Florida & Western R.R. bonds,
Brooklyn Wharf & Warehouse Co. bonds,
Territory of Arizona funding bonds,
Iowa Mortgage q 0> trust debenture notes,
Rutland and Grafton district, 111., bonds, .
First Baptist Church, Nashville, Tenn., bonds,
Alexandria, Ind., water works bonds,
Kansas school bonds, ......
Nebraska school bonds, .
Dakota school bonds,
Wyoming Territory school bonds,
Colorado school bonds,
Texas school bonds, .
Washington school bonds,
Arizona Improvement Co. bonds,
Securities held as collateral for cash loans
4 shares iEtna Fire Ins. Co., .
24 " Adams Express Co , .
Tar Value.
$10,000 00
20,000 00
25,000 00
14,000 00
1,500 00
3,000 00
13,000 00
12,000 00
15,000 00
6,000 00
8,500 00
40,000 00
10,000 00
10,000 00
20,000 00
11,500 00
5,100 00
32,200 00
6,500 00
10,000 00
20,000 00
10,000 00
25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
25,000 00
25,000 00
2,000 00
2,000 00
11,500 00
9,000 00
19,477 00
11,910 91
7,400 00-
3,000 00
8,000 00
15,000 00
10,000 00
10,000 00
Market Value.
$14,400 00
28,200 00
27,500 00
11,200 00
1,605 00
3,150 00
14,560 00
4,800 00
16,500 00
5,640 00
6,545 00
41,600 00
10,000 00
11,800 00
16,000 00
8,995 00
5,739 00
46,368 00
5,070 00
7,500 00
16,000 00
11,100 00
19,250 00
10,700 00
10,100 00
10,600 00
10,800 00
24,500 00
26,000 00
1,000 00
2,000 00
11,845 00
9,540 00
20,810 85
12,823 78
8,052 00
3,360 00
8,800 00
15,600 00
10,800 00
8,000 00
.,535,837 91 $1,705,088 63
Market Value.
$1,100 00
3,720 00
Loaned Thereon.
$400 00
1,350 00
$4,820 00 $1,750 00
330
ORIENT INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rent due and accrued, ....
Gross assets,
Deduct special deposits in other States, .
Liabilities.
Balance,
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses, ....
Less reinsurance, .....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, .....
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
31, 1897.
$58,959 43
267,350 66
5,583 64
1,705,088 63
1,750 00
9,356 33
108,390 12
12,437 84
253,657 06
207 90
- $2,422,781 61
107,528 00
. $2,315,253 61
1149,162 25
20,871 25
$170,033 50
18,528 14
$151,505 36
993,736 38
76,097 12
13,982 48
1,235,321 34
43,797 57
1,191,523 77
11,123,729 84
500,000 00
$623,729 84
$258,803 26
7,054 33
$251,748 93
1,603,420 76
^,855,169 69
250,472 66
^1,604,697 03
375,832 97
.,228,864 06
* Total value of property mortgaged,
Amount of insurance held as collateral,
,267 00
127,760 00
ORIENT INSURANCE CO.
331
Marine premiums outstanding Dec. 31, 1896, . $1,271 18
Premiums on risks written or renewed, . . 35,754: 73
Total, . . . . . . . $37,025 91
Premiums now in course of collection, . , 3,184 40
Entire premiums collected, . $33,841 51
Less reinsurance and return premiums, , . • 5,555 77
Net cash marine premiums received, . .
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Gross cash income, . . , .
$28,285 74
14,233 05
77,810 12
679 19
,349,872 16
Expenditures.
Cash paid for fire losses, .
Deduct salvage and. reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Gross cash expenditures, .
Risks and Premiums.
$746,450 54
65,625 42
$21,484 94
3,832 78
$680,825 12
17,652 16
50,000 00
240,128 17
109,946 75
33,091 06
81,895 51
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
$160,128,290 00
123,010,730 00
$283,139,020 00
121,561,513 00
1161,577,507 00
3,782,341 00
.,213,538 77
Premiums.
^1,943,786 88
1,603,420 76
13,547,207 64
1,602,230 59
,944,977 05
30,803 59
$157,795,166 00 $1,914,173 46
. $679,213 00
. 1,182,688 00
. $1,861,901 00
985,608 00
$21,320 05
35,754 73
$57,074 78
28,379 47
In force at end of year,
$876,293 00 $28,695 31
332
PACIFIC FIRE INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Marine and inland losses incurred during the } r ear,
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
$18,195,365 00
. 11,224,028 00
672,488 00
21,752 00
. 1,115,000 00
50,000 00
71,450 00
"PACIFIC FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated April 16, 1851. Commenced business April 29, 1851.]
Paid-up Capital, $200,000.
FRANK T. STINSON, President. GEORGE JEREMIAH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
$150,000 00
215,000 00
10,000 00
22,000 00
15,000 00
10,000 00
5,000 00
United States bonds, . .
New York city bonds, .....
Broadway & Seventh Avenue R.R. bonds,
New York Central & Hudson River R.R. stock,
Rome, Watertown & Ogdensburg R.R. stock, .
Brooklyn city bonds, .
500 shares Brooklyn City R.R ,
Market Value.
$ 191,812 50
215,000 00
10,500 00
23,320 00
18,150 00
10,250 00
9,750 00
|427,000 00 $478,782 50
Securities held as collateral for cash loans : —
v
Market Value. Loaned Thereon.
Syracuse, Binghamton & N. Y. R.R. bonds, . $2,300 00 $1,000 00
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $259,000 00
Interest due or accrued thereon, . . . 2,136 75
Stocks and bonds, as per schedule, . . . 478,782 50
Loans on collateral security, as per schedule, . 1,000 00
Cash in the office of the company, . . . 3,452 18
Cash deposited in bank, 17,614 37
Interest due and accrued, . . . . , 1,494 17
Premiums in course of collection (gross), . 74,092 20
Rents due and accrued, 200 00
Prem's more than three mos. due, $4,636 03
Gross assets, ......
$837,772 17
* Value of lands mortgaged, «,
Value of buildings thereon, .
Amount of insurance held as collateral,
$204,000 00
288,000 00
259,000 00
PACIFIC FIRE INSURANCE CO.
333
Liabilities.
Losses adjusted, unpaid, . . . .
claimed and reported, . .
disputed or resisted, ,
Total amount of losses, ...'.-,
Less reinsurance, ...,.,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, ....
Return premiums, ,
Reinsurance, .......
Reinsurance disallowed, . . .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, .
Premiums on risks written or renewed, .
Total, ........
Premiums now in course of collection, .
Entire premiums collected, ....",,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources
Gross cash income, .....
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent, .....
for miscellaneous, . , ,
Gross cash expenditures, , ,
$14,846 34
29,502 37
8,669 00
$53,017 71
2,038 91
$50,978 80
286,653 49
7,356 50
17,041 21
5,186 45
5,488 76
12,269 44
____
$384,974 65
. .
$452,797 52
...
200,000 00
.
$252,797 62
$62,276 85
930 77
$61,346 08
484,694 82
$546,040 90
-
78,728 23
$467,312 67
95,426 36
— — -
$371,886 31
.
12,745 00
urces, .
14,123 79
1*0
$398,755 10
$180,292 17
9,750 92
— —
$170,541 25
.
20,000 00
.
81,673 56
< .
37,293 21
. .
10,333 61
.
2,475 00
.
26,436 62
• • .
$348,753 25
334
PENNSYLVANIA FIRE INSURANCE CO.
Fire risks outstanding Dee 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
• 157,023,234 00 $574,006 10
. 50,251,677 00 484,694 82
Total,
Deduct risks expired and terminated,
In force at end of year, . . .
Deduct amount reinsured,
Net amount in force, .
$107,274,911 00 $1,058,700 92
. 45,082,843 00 461,004 67
. $62,192,068 00 $597,696 25
. 4,727,272 00 41,071 72
.$57,464,796 00 $556,624 53
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
£8,247,559 00
4,365,678 00
187,978 00
1,438,000 00
20,000 00
47,050 00
"PENNSYLVANIA FIRE INSURANCE COMPANY,"
PHILADELPHIA, PA.
[Incorporated March, 1825. Commenced business April, 1825.]
Paid-up Capital, $400,000.
R. DALE BENSON, President. W. GARDNER CROWELL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . $95,000 00 $107,850 00
Philadelphia city loans, ..... 17,000 00 18,870 00
Phila., Wilmington & Bait R.R. certificates, . 115,000 00 124,750 00
Philadelphia & Erie R.R. bonds, . . . 75,000 00 89,250 00
Pennsylvania R.R. bonds, . . . . 99,000 00 120,800 00
Easton & Amboy R.R. bonds, . . . . 50,000 00 54,000 00
Philadelphia & Reading R.R. Co. bonds, . . 37,500 00 48,625 00
Reading Co. and Phila. & Reading C. & I. Co , 50,000 00 43,000 00
Phila. & Reading R.R. Terminal Co bonds, . 100,000 00 118,000 00
Lehigh Valley R.R. Co bonds, . , . 183,000 00 207,660 00
Elmira & Williamsport R.R. Co. bonds, . .. 25,000 00 30,750 00
West Jersey R.R. Co. bonds, .... 10,000 00 10,500 00
Pennsylvania & N. Y. Canal & R.R Co. bonds, 122,000 00 121,900 00
Chicago & Western Indiana R.R. bonds, . . 135,000 00 160,500 00
Chicago, Burlington & Quincy R.R , . . 100,000 00 118,000 00
Jacksonville Southeastern Railway Co., . . 11,000 00 11,000 00
Shamokin, Sunbury & Lewisburg R R. Co , . 20,000 00 20,400 00
Terre Haute & Logansport R.R. Co , . . 50,000 00 47,500 00
New York & Long Branch R.R., . . . 25,000 00 27,500 00
PENNSYLVANIA FIKE INSURANCE CO.
335
St. Paul & Northern Pacific R.R., .
Lehigh Valley Coal Co., ....
Pittsburgh, McKeesport & Youghiogheny R.R
Pittsburgh, Cincinnati & St. Louis R.R., .
Cleve., Columbus, Cin. & Indianapolis R.R.,
New York, Susquehanna & Western R R.,
Lake Shore & Michigan Southern R'y Co.,
Lehigh Coal & Navigation Co.,
Buffalo & Susquehanna R R. Co.,
Baltimore & Ohio R.R. Co.,
Indiana & Vincennes R R. Co.,
Chicago & Erie R.R. Co., ....
Baltimore & Potomac R.R. Co.,
McKeesport & Belle Vernon R.R. Co., .
Knoxville Water Co., ....
Western Transit Co., ....
Lehigh Coal & Navigation Co.,
Chesapeake & Delaware Canal Co.,
Delaware Division Canal Co., .
Car Trust of New York,
St. Louis city bonds, ......
Cincinnati city bonds, ....
City of Springfield, 111., bonds,
City of Topeka, Kan., internal improv. bonds
City of Dayton, Ohio, bonds, .
City of Columbus, Ohio, bonds,
City of Dayton, Ohio, bonds, ,
City of Quincy, 111., bonds,
City of Sandusky, Ohio, bonds,
Kansas City, Kan., internal improv. bonds,
Newark, Ohio, bonds, ....
Wabash R.R. Co. bonds, ....
Pittsburgh Junction Terminal Co. bonds,
Newburgh & New York R.R. Co. bonds,
Northern Central R.R. Co. bonds, . .
Baltimore & Ohio R.R. Co. bonds, .
Baltimore Belt R.R. Co. bonds,
West Knoxville General Improv. Co. bond?,
Atlantic City R.R. Co. bonds, .
Camden Horse R.R Co. bonds,
Bellefonte Central R.R. Co. bonds, .
Evansville & Terre Haute R R. Co. bonds,
Sch. Dist. of the Borough of Sewickley, Pa., b'ds,
West Jersey & Seashore R R. Co. bonds,
City of Duluth, Minn., bonds, .
Pittsburgh & Connellsville R.R Co. bonds,
Terminal R.R. Association of St. Louis, .
Lynn & Boston R.R. bonds,
Par Value.
$50,000 00
50,000 00
20,000 00
50,000 00
30,000 00
100,000 00
50,000 00
100,000 00
47,000 00
10,000 00
43,000 00
50,000 00
15,000 00
50,000 00
15,000 00
50,000 00
20,000 00
10,000 00
25,000 00
4,000 00
25,000 00
48,000 00
35,000 00
15,096 00
32,000 00
50,000 00
35,000 00
25,000 00
16,500 00
3,000 00
12,000 00
20,000 00
25,000 00
15,000 00
18,000 00
50,000 00
50,000 00
20,000 00
30,000 00
25,000 00
2,500 00
25,000 00
24,000 00
28,000 00
47,000 00
50,000 00
50,000 00
50,000 00
Market Value.
$61,000 00
49,000 00
26,400 00
55,000 00
37,500 00
107,000 00
60,500 00
104,000 00
47,000 00
11,000 00
45,150 00
56,000 00
18,300 00
65,000 00
15,000 00
51,000 00
21,600 00
5,300 00
23,750 00
4,000 00
29,500 00
55,580 00
35,700 00
15,096 00
35,840 00
51,280 00
36,400 00
25,000 00
16,830 00
3,000 00
12,720 00
15,600 00
25,000 00
15,000 00
21,060 00
45,000 00
40,000 00
20,000 00
32,100 00
25,500 00
2,500 00
18,500 00
25,200 00
29,120 00
48,410 00
52,000 00
55,000 00
51,500 00
336
PENNSYLVANIA FIRE INSURANCE CO.
Pine Creek R'y Co. bonds, .
Sanitary Dist., Chicago, 111., municipal bonds,
Chicago & Northwestern R'y Co. sinking fund,
City of Duluth, Minn., warrants,
The Lehigh Valley R.R. Co. collateral trust,
Jacksonville & St. Louis R'y Co. bonds, .
200 shares Philadelphia National Bank, .
14 " Philadelphia Bourse,
440 " Bellefonte R R. Co ,
144 " Reading Co., ....
210 " Grand Rapids & Indiana R.R. Co.,
98 " Bank of Montgomery, Indiana,
Securities held as collateral for cash loans
16 shares First Nat'l B'k, Shippensburg, Pa
750 " Insurance Co. of North America,
62 " North Pennsylvania R.R. Co.,
100 " Norristown Title & Trust Co.,
15 " Manayunk National Bank,
100 " Huntingdon & Broad Top R.R. Co
20 " Commercial National Bank, .
4 " Bank of North America, .
30 " Ninth National Bank,
7 " Moorestown National Bank, .
5 " Burl. County Safe Dep. & T. Co.,
5 " Fire Ins. Co , County of Phila.,
31 " Insurance Co. of North America,
25 " Western National Bank, .
50 " New England Loan & Trust Co.,
60 " Mechanics' 1 Insurance Co.,
10 " Reliance Insurance Co., .
10 " Philadelphia Traction Co.,
60 " Fairmount Ice Manufacturing Co
4 " Keystone Ice Manufacturing Co ,
10 " Contract. Surety, Title & Trust Co.
10 " German American Fire Ins. Co.,
105 " Lehigh Coal & Navigation Co.,
10 " Commonw'lth Title & Trust Co.,
Pittsburgh, Cincinnati & St. Louis R'y Co.,
60 shares North Pennsylvania R.R. Co., .
40 " Pennsylvania R.R. Co.,
Union Pacific, Denver & Gulf R'y Co., .
Bellefonte Central R.R. Co.,
100 shares Wm. J. McCahan Sugar Ref. Co.,
Par Value.
$50,000 00
23,000 00
47,000 00
26,979 00
66,000 00
44,500 00
20,000 00
700 00
22,000 00
7,200 00
21,000 00
9,800 00
Markf t Value.
$67,500 00
23,000 00
53,110 00
26,979 00
67,320 00
17,350 00
40,000 00
2^0 00
5,500 00
1,710 00
1,575 00
9,800 00
|3,272,775 00 $3,499,915 00
Market Value.
$2,880 00
12,000 00
5,580 00
9,000 00
2,700 00
1,000 00 )
640 00 S
1,000 00
4,050 00 1
1,582 00 J
350 00 }
550 00 j
744 00 J
1,750 00 }
5,000 00 S
2,100 001
600 00 |
780 00
120 00
100 00 |
250 00 J
4,000 00
4,200 00 n
680 00 S
1,100 00 )
5,400 00 n
2,280 00 i
4,410 00 )
4,000 00
10,000 00
Loaned Thereon.
$2,300 00
12,000 00
3,500 00
6,500 00
2,000 00
1,350 00
500 00
5,900 00
5,000 00
3,000 00
2,800 00
5,000 00
10,000 00
2,000 00
7,500 00
,846 00 $69,350 00
PENNSYLVANIA FIRE INSURANCE CO.
337
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
Balance, $5,012,436 04
31, 1897.
$183,500 00
929,600 00
18,385 86
3,499,915 00
69,350 00
2,189 20
150,499 25
729 57
266,117 16
1,120,286 04
107,850 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, ,
disputed or resisted,
Total amount of losses, ".
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Commissions and brokerage, .
Reinsurance not allowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1896.
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
$54,111 26
154,612 14
13,726 00
$222,449 40
14,833 22
$207,616 18
1,467,704 72
823,239 42
24,000 00
12,680 14
2,535,240 46
48,520 54
2,486,719 92
. $2,525,716 12
400,000 00
. $2,125,716 12
$281,685 68
2,216,195 47
$2,497,881 15
266,117 16
$2,231,763 99
507,637 04
,724,126 95
* Total value of property mortgaged, .
Amount of insurance held as collateral,
$2,401,850 00
730,400 00
338
PENNSYLVANIA FIRE INSURANCE CO.
Interest received on mortgages, . . . . . $42,368 52
Interest and dividends received from all other sources, . . 160,811 67
Income from rents, . . . . ... . . 1,685 00
Income from transfers, . . . . . ... 413 00
Deposits received for perpetual lire risks, . $43,393 23
Gross cash income, .
. $1,929,405 14
Expenditures.
Cash paid for fire losses, . . . _ ■ . . $964,136 21
Deduct salvage and reinsurance, . . . 66,919 41
Net cash paid for tire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Deposits returned on perpetual fire risks, . $21,335 03
$897,216 80
80,000 00
404,101 30
131,378 00
45,887 06
64,142 26
Gross cash expenditures, .
$1,622,725 42
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . $309,215,864 00 $2,942,077 81
Fire risks written during 1897, . . 224,993,253 00 2,216,195 47
Total,
Deduct risks expired and terminated,
$534,209,117 00 $5,158,273 28
191,507,222 00 2,050,365 04
In force at end of year,
Deduct amount reinsured,
$342,701,895 00 $3,107,908 24
19,607,131 00 203,564 20
Net amount in force, .
$323,094,764 00 $2,904,344 04
Perpetual risks in force (not incl 1 d above), $36,344,362 00 $901,542 52
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
$32,848,465 00
. 17,808,742 00
942,369 00
. 2,929,000 00
80,000 00
55,100 00
PHENIX INSURANCE CO.
339
" PHENIX INSURANCE COMPANY," BROOKLYN, N. Y.
[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.]
Paid-up Capital, $1,000,000.
GEORGE P. SHELDON, President. WM. A. WRIGHT, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $480,000 00 $584,900 00
State of Virginia bonds, 100,000 00 69,000 00
City of Richmond, Va., bonds, .... 21,000 00 21,000 00
New York city consolidated stock, . . . 762,000 00 762,000 00
Louis., Henderson & St. Louis R'y Co. bonds, . 17,500 00 17,500 00
Chic, Pad. & Mem. R.R. Co. Car Trust certif's, 25,000 00 25,000 00
Missouri, Kansas & Texas Railway Co. bonds, 50,000 00 40,000 00
Mobile & Ohio R.R. Co. bonds, . . . 15,000 00 13,125 00
Reading Co. & Phila. & Reading C. & I. Co. b'ds, 100,000 00 85,000 00
N. Y., New Haven & Hart. R.R. Co. debentures, 200,000 00 288,000 00
Missoula County, M. T., bonds, . . . 12,000 00 12,000 00
U. S. Illuminating Co. bonds 25,000 00 25,000 00
St. Joseph Gas Co. bonds, .... 50,000 00 42,500 00
Buffalo Gas Co. bonds, ..... 50,000 00 50,000 00
1,000 shares Chicago & Alton R.R. Co., . . 100,000 00 163,000 00
1,000 " Delaware, Lacka. & Western R.R., 50,000 00 79,000 00
1,000 " Chicago & Northwestern R.R. Co., 100,000 00 123,000 00
1,000 " Delaware & Hudson Canal Co., . 100,000 00 113,000 00
1,000 " Chic, St. P., Minn. & Om. R.R. Co., 100,000 00 78,000 00
500 " Syracuse, Bing. & N. Y. R.R. . 50,000 00 81,500 00
2,000 " Rensselaer & Saratoga R.R., . 200,000 00 368,000 00
1,000 " Chic, Rock Island & Pacific R'y,. 100,000 00 91,000 00
200 " Natl Shoe & Leather Bank, N. Y., 20,000 00 19,000 00
386 " Nat'l Bank of the Republic, N. Y., 38,600 00 61,760 00
87 " Nat'l Bank of Commerce, N. Y., . 8,700 00 18,270 00
200 " Fourth National Bank, N. Y., . 20,000 00 38,000 00
100 " Mercantile National Bank, N. Y , 10,000 00 17,500 00
253 " National Park Bank, N. Y., . . 25,300 00 69,575 00
1,200 " Chatham National Bank, N. Y., . 30,000 00 87,000 00
408 " Mechanics' Bank, Brooklyn, . 20,400 00 48,960 00
600 " National City Bank, Brooklyn, . 30,000 00 112,500 00
200 " Phenix National Bank, N. Y., . 4,000 00 4,000 00
400 " Brooklyn Bank, Brooklyn, . . 20,000 00 32,000 00
100 " Bond & Mortgage Guarantee Co., 10,000 00 18,500 00
395 " New York Mutual Gas Light Co., 39,500 00 118,500 00
375 " St. Joseph Gas Co., . . . 37,500 00 13,125 00
1,500 " Cen. & South American Tel. Co., 150,000 00 159,750 00
$3,171,500 00 $3,949,965 00
340
PHENIX INSURANCE CO.
Summary of Assets Dec. 31, 1896.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross)
Rents due and accrued, etc.,
Gross assets, ....
Deduct special deposits in other States,
Balance, .....
$549,000 00
115,600 00
2,019 95
3,949,965 00
555,648 32
9,076 67
716,975 06
6,311 94
>,904,596 94
210,250 00
i,694,346 94
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums, .....
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, . . . .
Surplus over capital, ....
|202,634 50
34,500 00
$237,134 50
7,527 90
$229,606 60
3,282,950 48
3,264 84
90,123 33
57,881 83
3,161 84
$3,666,988 92
92,916 12
3,574,072 80
. $2,120,274 14
. 1,000,000 00
. $1,120,274 14
Income.
Fire premiums outstanding Dec. 31, 1896, . $815,968 27
Premiums on risks written or renewed, . . 3,990,223 16
Total, . |4,806,191 43
Premiums now in course of collection, . . 716,975 06
Entire premiums collected, .... $4,089,216 37
Less reinsurance and return premiums, . . 739,748 07
Net cash fire premiums received, . . . — $3,349,468 30
* Value of lands mortgaged, . .
Value of buildings thereon,
Amount of insurance held as collateral,
$77,250 00
165,500 00
122,000 00
PHCEXIX INSURANCE CO.
341
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
$5,808 32
169,667 30
17,284 58
Gross cash income $3,542,228 50
Expenditures.
Cash paid for fire losses, $1,895,896 33
Deduct salvage and reinsurance, . . . 155,846 47
Net cash paid for fire losses, . . . . —
Cash dividends paid, ......
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, . .
Risks and Premiums.
$1,740,049 86
100,000 00
581,255 77
301,381 23
76,122 93
330,055 30
§3,128,865 09
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Premiums.
$598,169,221 00 $7,508,988 20
345,151,556 00 3,990,223 16
f943,320,777 00 §11,499,211 36
361,473,986 00 4,410,932 56
§581,846,791 00 $7,088,278 80
30,300,170 00 251,470 83
$551,546,621 00 $6,836,807 97
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . . .
§112,204,593 00
56,178,380 00
1,756,314 00
3,774,000 00
100,000 00
147,300 00
" PHCENIX INSURANCE COMPANY," HARTFORD, CONN.
[Incorporated May, 1854. Commenced business June, 1854.]
Paid-up Capital, $2,000,000.
D. W. C. SKILTON, President. EDW. MILLIGAN, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Georgia State bonds, $25,000 00 §29,250 00
Brooklyn Wharf & Warehouse Co. bonds, . 75,000 00 75,000 00
Ashland, Oregon, water bonds, . . . 50,000 00 ' 55,000 00
Brantford, Canada, bonds, .... 25,000 00 27,500 00
342
PHCENIX INSURANCE CO.
Guelph, Canada, bonds, .
Victoria, British Columbia, bonds, .
Town of St.. Henry, P. Q , bonds,
Province of New Brunswick bonds, .
Chicago & North Shore Street Railway bonds
Fostoria, O., water bonds,
Leavenworth City & Ft. Leav'th water bonds
Hannibal, Mo , school bonds, .
Northwestern Telegraph Co. bonds,
Naumkeag Street Railway Co. bonds,
Superior, Wis., improvement bonds,
Urbana, O., gas bonds, ....
Canadian Pacific Land Grant R.R. bonds,
Cedar Rapids, Iowa Falls & N. W. R'y bonds
Chicago & Northwestern Railway bonds,
Chicago & Western Indiana R.R. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Chicago, Rock Island & Pacific bonds,
Cincinnati, Dayton & Ironton bonds,
Central R.R. of New Jersey bonds, .
Erie Railway consols, ....
Louisville, New Albany & Chic, bonds, .
Lehigh Valley Terminal bonds,
Lehigh Valley Railway Co. bonds, .
Minneapolis Union Railway Co. bonds, .
N. Y., Lackawanna & Western R.R. bonds,
N. Y., N. H. & Hartford R.R. debentures,
New England R.R. bonds,
St. Paul, Eastern & Grand Trunk bonds,
St. Paul & Northern Pacific bonds, .
Terre Haute & Logansport R.R. bonds,
Terre Haute & Peoria bonds, .
Texas & New Orleans bonds, .
300 shares iEtna National Bank, Hartford,
1,000 " American Nat'l Bank, Hartford,
100 " Atlantic Trust Co., New York,
75 " Central Trust Co., New York,
162 " Charter Oak Nat'l B'k, Hartford,
160 " City Bank, Hartford, .
100 " Connecticut River B'k, Hartford,
300 " Farm. & Mech. N'l B'k, Hartford,
175 " First Nat'l Bank, Wallingford, .
400 " Franklin Trust Co., New York,
1,030 " Hartford Nat'l Bank, Hartford,
400 " Hartford Trust Co., Hartford,
67 " Home Nat'l Bank, Meriden, .
133 " . Imperial Bank, Toronto, Ont.,
108 " Merchants' Ex. Nat'l Bank, N. Y.,
Par Value.
824,000 00
20,000 00
75,000 00
5,000 00
25,000 00
25,000 00
25,000 00
16,000 00
25,000 00
25,000 00
25,000 00
25,000 00
44,000 00
50,000 00
46,000 00
133,000 00
10,000 00
25,000 00
25,000 00
25,000 00
50,000 00
20,000 00
10,000 00
25,000 00
56,000 00
50,000 00
75,000 00
30,000 00
25,000 00
15,000 00
50,000 00
25,000 00
54,000 00
30,000 00
50,000 00
10,000 00
7,500 00
16,200 00
16,000 00
3,000 00
30,000 00
17,500 00
40,000 00
103,000 00
40,000 00
6,700 00
13,300 00
5,400 00
Market Value.
$28,320 00
23,800 00
82,500 00
5,300 00
26,446 00
26,250 00
28,000 00
17,600 00
28,500 00
25,625 00
25,000 00
25,000 00
48,400 00
53,500 00
53,360 00
154,980 00
11,000 00
26,875 00
27,750 00
28,250 00
72,500 00
23,500 00
11,100 00
25,875 00
70,560 00
70,000 00
108,750 00
38,100 00
29,125 00
19,350 00
50,000 00
17,500 00
62,100 00
43,500 00
71,000 00
12,500 00
93,375 00
16,200 00
17,280 00
3,500 00
34,500 00
20,125 00
94,000 00
144,200 00
60,000 00
8,241 00
25,270 00
6,696 00
PHCENIX INSURANCE CO.
343
800 shares
200
it
310
u
125
(t
200
u
770
It
200
((
410
u
50
a
500
u
300
a
350
tt
100
it
500
tt
500
tt
200
tt
120
tt
1,000
tt
1,000
tt
1,500
tt
250
tt
500
tt
500
it
500
tt
500
tt
500
tt
150
tk
1,320
tt
1,500
tt
400
tt
Mercantile Nat'l Bank, Hartford
Nat 1 ! Shoe & Leather Bank,N. Y
Nat'l Exchange Bank, Hartford,
N'l German American B'k, St Paul
New Britain N'l B'k,New Britain
Phoenix National Bank, Hartford
State Bank, Hartford, .
Waterbury N 1 ! Bank, VVaterbury
Security Co , Hartford,.
Bald Eagle Valley R.R.,
Beech Creek R.R.,
Chicago & Alton R.R. Co., .
Chicago, Milwaukee & St. Paul,
Cleveland & Pittsburgh R.R Co.
Fort Wayne & Jackson R.R. Co.
Georgia R.R. & Banking Co.,
Hartford & Conn. Western R.R.,
Illinois Central R.R. Co.,
Morris & Essex R.R Co.,
N. Y., N. H. & H. R.R. Co., .
New York & Harlem R.R. Co.,
N. Y Cent. & Hudson River R.R,
Peoria & Bureau Valley R.R. Co.
Pitts., McKeesport & Y. R.R.,
Rensselaer & Saratoga R.R.,
Sharon R R. of Pa.,
Empire & Bay States Tel. Co.,
Holyoke Water Power Co., .
Northwestern Telegraph Co.,
West End Street R'y Co., Boston
Par Value.
$80,000 00
20,000 00
17,000 00
12,500 00
20,000 00
77,000 00
20,000 00
22,000 00
5,000 00
25,000 00
15,000 00
35,000 00
10,000 00
25,000 00
50,000 00
20,000 00
12,000 00
100,000 00
50,000 00
150,000 00
12,500 00
50,000 00
50,000 00
25,000 00
50,000 00
25,000 00
15,000 00
132,000 00
75,000 00
20,000 00
Market Value.
$32,000 00
19,200 00
22,100 00
10,000 00
32,000 00
96,250 00
22,600 00
38,500 00
6,150 00
50,000 00
15,000 00
56,350 00
14,250 00
42,500 00
68,000 00
35,000 CO
2,520 00
104,000 00
85,000 00
276,000 00
40,625 00
53,500 00
92,500 00
33,000 00
92,000 00
27,500 00
11,475 00
396,000 00
86,250 00
34,800 00
Securities held as collateral for cash loans : —
240 shares Landers, Fraiw & Clark, .
70 " Southern N. E. Telephone Co.,
103 " Atlantic Dock Co., ....
64 " Hartford Carpet Co.,
1,941,600 00 $4,077,123 00
$9,000 00
Market Value. Loaned Thereon.
$6,720 00
8,260 00
10,300 00 „
3,840 00^ "
$29,120 00 $20,200 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . f 527,696 67
Loans on mortgage of real estate (first liens*), 132,340 70
Interest due or accrued thereon, . . . 6,414 95
* Value of lands mortgaged, $222,190 00
Value of buildings thereon, . . . . . 94,400 00
Amount of insurance held as collateral, .... 59,550 00
344
PHOENIX INSURANCE CO.
Stocks and bonds, as per schedule, . . . $4,077,123 00
Loans on collateral security, as per schedule, . 20,200 00
Cash in the office of the company, . . . 36,753 97
Cash deposited in bank, . . . . . 235,366 92
Interest due and accrued, . ...» 16,569 65
Premiums in course of collection (gross), . 525,756 84
Rents due and accrued, ..... 3,842 94
Gross assets, ...... •
Deduct special deposits in other States, . . . .
»,582,065 64
300,070 00
Balance, $5,281,995 64
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
$30,402 07
335,132 29
44,978 00
$410,512 36
35,041 63
$375,470 73
2,139,993 40
50,730 00
33,559 43
$2,599,753 56
131,265 67
2,468,487 89
Surplus as regards policy holders,
Paid-up capital,
. $2,813,507 75
. 2,000,000 00
Surplus over capital, $813,507 75
Income.
Eire premiums outstanding Dec. 31, 1896, . $511,808 41
Premiums on risks written or renewed, . . 3,369,643 20
Total . $3,881,451 61
Premiums now in course of collection, . . 525,756 84
Entire premiums collected, .... $3,355,694 77
Less reinsurance and return premiums, . . 455,658 94
Net cash fire premiums received, . . . $2,900,035 83
Interest received on mortgages, . . . . . . 15,763 62
Interest and dividends received from all other sources, . . 178,953 33
Income from rents, 6,057 16
Gross cash income, $3,100,809 94
PROVIDENCE WASHINGTON INSURANCE CO.
345
Expenditures.
Cash paid for fire losses, I
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, . .
,755,652 56
109,067 10
- $1,646,585 46
280,000 00
496,704 97
188,228 71
71,412 47
311,240 29
. $2,994,171 90
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $398,188,821 00 $4,531,028 66
317,455,825 00 3,369,643 20
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$715,644,646 00 $7,900,671 86
310,336,558 00 3,414,225 84
$405,308,088 00 $4,486,446 02
6,368,155 00 53,874 78
$398,939,933 00 $4,432,571 24
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . .
Cash dividends declared from organization of company,
Dividends declared during the year (14 per cent.),
Company's stock owned by directors, ....
,048,859 00
41,385,760 00
1,638,373 00
7,245,000 00
280,000 00
57,600 00
"PROVIDENCE WASHINGTON INSURANCE COMPANY,"
PROVIDENCE, R. I.
[Incorporated 1799. Commenced business 1799.]
Paid-up Capital, $400,000.
J. H. DeWOLF, President. E. L. WATSON, Secretary.
Detailed Statement of Stocks and Bonds.
Boston & Providence R.R. bonds,
Boston & Maine R.R. bonds,
Baltimore & Ohio R.R. bonds, .
Par Value. Market Value.
|100,000 00 $107,000 00
10,000 00 12,000 00
25,000 00 22,750 00
346
PROVIDENCE WASHINGTON INSURANCE CO.
Boston & Lowell R.R. bonds, .
City of Pawtucket bonds, .
Cleveland Electric Railway bonds, .
Columbus & 9th Ave. R R. bonds, .
Columbus Street Railway bonds,
Lehigh Valley R.R. Co bonds,
Morris & Essex R.R. Co. bonds,
New York, New Haven & Hartford R.R. bonds
Old Colony R.R. Co. bonds,
Rensselaer & Saratoga R.R. bonds, .
West End Street Railway Co. bonds,
250 shares Fourth National Bank, N. Y
340
400
500
1,100
300
300
500
400
500
300
550
150
600
200
400
200
300
200
500
600
300
300
1,500
Nat'l Bank of Commerce, N. Y.,
National Park Bank, N. Y.,
American N'l Bank, Providence,
Blackstone Canal N'l B'k, Prov.
Commercial N'l B'k, Providence,
Manufacturers' N'l B'k, Prov.,
Merchants' N'l B'k, Providence,
Mechanics' N'l B'k, Providence,
Nat'l Bank of Commerce, Prov.,
National Eagle Bank, Providence
Providence Gas Co.,
Beech Creek R.R. Co., .
Chicago & Alton R.R. Co., .
Chicago & Northwestern R'y Co
Cleveland & Pittsburg R.R. Co.,
N. Y. Central & H. R. R.R.,.
New York, Lacka. & West. R.R
Old Colony R.R. Co., .
Oswego & Syracuse R.R. Co.,
Pennsylvania R.R. Co.,
Pitts , Ft. Wayne & Chic. R R. Co.,
Rome, Watert'n &Ogden R.R. Co ,
What Cheer Corporation,
Par Value.
$10,000 00
25,000 00
10,000 00
10,000 00
10,000 00
50,000 00
25,000 00
54,000 00
8,000 00
12,000 00
30,000 00
25,000 00
34,000 00
40,000 00
25,000 00
27,500 00
15,000 00
30,000 00
25,000 00
20,000 00
25,000 00
15,000 00
27,500 00
7,500 00
60,000 00
20,000 00
20,000 00
20,000 00
30,000 00
20,000 00
25,000 00
30,000 00
30,000 00
30,000 00
200,000 00
Market Value.
$10,500 00.
26,000 00
10,400 00
11,950 00
9,500 00
51,750 00
35,500 00
78,030 00
8,640 00
17,280 00
31,150 00
45,620 00
70,720 00
108,000 00
21,250 00
27,500 00
12,750 00
41,400 00
29,000 00
20,200 00
21,250 00
15,150 00
47,850 00
7,380 00
97,200 00
32,600 00
33,600 00
21,300 00
36,300 00
37,400 00
50,500 00
34,350 00
50,700 00
36,600 00
200,000 00
$1,180,500 00 $1,531,070 00
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Prem's more than three mos. due, . $3,794 83
Gross assets,* ......
1,531,070 00
2,925 58
91,531 82
6,978 48
200,140 09
41,751 88
L,874,397 85
* Including $200,000 special deposit held under Rhode Island laws.
PROVIDENCE WASHINGTON INSURANCE CO.
347
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .
$13,504 16
240,582 11
5,114 94
$259,201 21
60,291 80
$198,909 41
855,712 70
24,807 68
27,903 61
22,049 16
1,129,382 56
$745,015 29
400,000 00
Surplus over capital, f 345,015 29
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, . . . . .
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all sources,
,231 77
5,935 08
$143,296 69
1,376,240 44
$1,519,537
148,838
13
11
$1,370,699
313,515
02
78
$103,010 50
1,886 86
$101,123 64
504,026 07
$605,149
89,026
71
75
$516,122 96
127,995 58
.,057,183 24
388,127 38
56,097 44
Gross cash income, $1,501,408 06
348
PROVIDENCE WASHINGTON INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Gross cash expenditures, .
$561,785 22
97,056 99
$314,373 02
62,459 73
Risks and Pk
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. .....
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
EMIUMS.
$139,694,259 00
149,700,258 00
$289,394,517 00
132,460,391 00
$156,934,126 00
18,628,961 00
$464,728 23
251,913 29
32,000 00
276,703 19
91,973 10
30,458 51
48,344 41
.,196,120 73
Premiums.
51,442,625 40
1,376,240 44
52,818,865 84
1,234,960 78
51,583,905 06
159,444 29
$138,305,165 00 $1,424,460 77
$6,411,886 00
114,165,714 00
$120,577,600 00
112,243,272 00
$8,334,328 00
214,863 00
$211,228 77
504,026 07
$715,254 84
466,144 79
$249,110 05
14,227 95
$8,119,465 00 $234,882 10
Miscellaneous
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.), .
Company's stock owned by directors, ....
$29,366,117 00
17,100,164 00
487,009 00
289,031 00
2,160,563 00
32,000 00
37,900 00
QUEEN INSURANCE CO. OF AMERICA.
349
"QUEEN INSURANCE COMPANY OF AMERICA; 1 NEW YORK,N. Y
[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.]
Paid-up Capital, $500,000.
JAMES A. MACDONALD, President. GEO. W. BURUHELL, Secretary.
Detailed Statement of Stocks
United States government bonds,
District of Columbia bonds,
New York State canal improvement bonds,
New York city bonds,
City of Brooklyn bonds,
New Zealand stock, .
Quebec loan,
Manitoba debentures,
Halifax, N. S., stock,
250 shares New York & Harlem R R., .
443 *
517 '
950 '
360 <
1,400 '
250 '
* United N. J. R.R. & Canal Co.,
♦ N. Y., Lack. & Western R.R.,
' Rome, Waterto'n & Ogdens. R.R.,
' Pitts., Ft. Wayne & Chicago R.R.,
' Morris & Essex R.R., .
' Rensselaer & Saratoga R R.,
Farmers' Loan & Trust Co. stock, .
New York, Lack. & Western R.R. bonds,
North Wisconsin R.R. bonds, .
Chicago, Burlington & Quincy R.R. Co.,.
Chicago, Rock Island & Pacific R.R. bonds,
Fremont, Elkhorn & Mo. R.R. bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & North Western R R. bonds, .
Baltimore & Ohio R.R. bonds, .
Pennsylvania Co. R.R. bonds, .
Morris & Essex R.R. bonds,
Lake Shore & Michigan Southern R.R. bonds,
Chicago, St. Paul, Minn. & Omaha R.R. bonds,
Northern Pacific R.R. bonds, .
Evansville & Indianapolis R.R. bonds,
Consolidated Gas Co. of New York bonds,
Summary of Assets Dec
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, . . .
and Bonds.
Par Value.
$370,000 00
340,000 00
50,000 00
380,000 00
525,000 00
49,000 00
24,500 00
29,400 00
60,000 00
12,500 00
44,300 00
51,700 00
95,000 00
36,000 00
70,000 00
25,000 00
10,000 00
200,000 00
30,000 00
15,000 00
5,000 00
10,000 00
91,000 00
49,000 00
10,000 00
50,000 00
110,000 00
47,000 00
25,000 00
52,500 00
25,000 00
20,000 00
Market Value.
$444,078 59
380,080 32
51,875 00
392,618 75
557,676 55
49,000 00
24,500 00
29,400 00
66,000 00
31,978 98
99,744 18
56,983 33
106,135 00
55,613 30
100,150 10
42,4*17 50
71,600 00
226,639 52
36,141 71
13,750 00
5,784 11
11,841 93
91,589 16
51,081 82
10,342 78
50,885 35
136,956 76
47,000 00
28,760 52
42,658 24
25,698 69
20,361 99
$2,911,900 00 $3,359,664 18
31, 1897.
$714,970 57
3,359,664 18
2,501 43
112,438 85
350
QUEEN INSURANCE CO. OF AMERICA.
Interest due and accrued, .
Premiums in course of collection (gross),
Notes taken for fire risks,
Rents due and accrued, ....
Due from other companies,
Prem's more than three mos. due, $7,850 65
Gross assets, .....
Deduct special deposits in other States, .
Liabilities.
Balance, . .
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, .....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
State and local tax* s,
Commissions and brokerage,
Return premiums,
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special. deposits,
Surplus as regards policy holders, .
Paid-up capital, . . . . .
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, . .
Premiums on risks written or renewed, .
Total, . .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents, . .
$42,174 65
319,104 75
196 00
2,895 83
8 84
1,553,955 10
433,900 00
t,120,055 10
$73,585 76
82,909 15
41,042 74
$197,537 65
6,670 16
$190,867 49
1,576,783 72
23,607 16
23,704 28
74,536 26
18,763 18
5,137 66
1,345 90
.1,914,745 65
285,649 08
1,629,096 57
$2,490,958 53
500,000 00
$1,990,958 53
$306,300 95
527 91
$305,773 04
2,450,620 14
12,756,393 18
327,151 40
>2,429,241 78
517,910 70
Gross cash income,
$1,911,331 08
129,914 84
8,653 46
$2,049,899 38
THE READING FIRE INSURANCE CO.
351
Expenditures.
Cash paid for fire losses, . .... $1,046,43360
Deduct salvage and reinsurance, . . . 54,041 87
Net cash paid for fire losses, ....
Cash dividends paid, f
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
Charged to profit and loss on account real estate,
Miscellaneous, , . .
Gross cash expenditures, ....
Risks and Premiums.
$992,391 73
100,000 00
304,964 76
180,643 86
51,412 44
100,000 00
135,758 95
$1,865,171 74
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
$306,027,190
223,416,166
$529,443,356
225,258,814
Premiums.
00 $3,426,468 78
00 2,450,620 14
00 $5,877,088 92
00 2,545,438 87
$304,184,542
17,651,447
00 $3,331,650 05
00 172,464 97
$286,533,095 00 $3,159,185 08
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ,
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, . . . .
$13,981,017 00
7,612,513 00
1,013,918 00
200,000 00
100,000 00
7,000 00
"THE READING FIRE INSURANCE COMPANY," READING, PA.
[Incorporated July 8, 1867. Commenced business July 8, 1867.]
PAiD-ur Capital, $250,000.
WM A. ARNOLD, President. S. E. ANCOXA, Secretary.
Detailed Statement of Stocks
Philadelphia & Reading R.R. bonds,
Perkiomen R.R. bonds, ....
United States bonds, ....
250 shares Reading Gas Co., .
124 " South Reading Market House Co.,
200 " East Pennsylvania Railroad, .
150 " National Union Bank, Reading,
50 " Farmers' National Bank, Reading,
100 " Second National Bank, Reading,
720 " Reading Trust Co., .
and Bonds.
Par Value.
f36,000 00
2,000 00
30,000 00
6,250 00
3,100 00
10,000 00
3,750 00
1,500 00
10,000 00
72,000 00
Market Value.
$35,460 00
2,050 00
33,675 00
16,250 00
4,588 00
10,800 00
13,800 00
3,750 00
18,500 00
93,600 00
352
THE READING EIRE INSURANCE CO.
70 shares Reading City Passenger Railway,
Reading City Passenger Railway bonds, .
South Reading Market House Co. scrip, .
Securities held as collateral for cash loans
25 shares Second National Bank,
8 " First National Bank,
23 " Reading Trust Co , .
10 " Second National Bank,
150 " Keystone Wagon Co.,
39 " South Reading Market House Co ,
490 " Philadelphia & Reading Railroad,
Reading Foundry Co. bonds, .
Judgment notes secured, . . . .
Par Value.
^3,500 00
6,000 00
900 00
Market Value.
$7,560 00
6,275 00
900 00
$185,000 00 $247,208 00
Market Value. Loaned Thereon.
$4,625 00
1,720 00
2,990 00
1,850 00
15.000 00
1,443 00
6,517 55
25,000 00
150 00
SUMMABY OF ASSETS DEC. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rent due and accrued, ....
Prem's more than three mos. due, . $4,067 51
Gross assets, ......
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies,
Dividends to stockholders unpaid, .
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$64,200 00
396,106 00
4,236 29
247,208 00
46,550 00
188 37
39,435 77
762 16
44,593 13
252 48
:,671 11
11,064 80
7,092 19
237,686 03
4,536 17
■ 662 80
1,303 50
9,429 86
6,654 27
$3,000 00
1,600 00
1,500 00
8,600 00
700 00
6,000 00
25,000 00
150 00
,295 55 $46,550 00
$843,532 20
293,100 73
$550,431 27
250,000 00
$300,431 27
* Value of lands mortgaged, .
Value of buildings thereon, . . .
Amount of insurance held as collateral,
$278,900 00
570,250 00
450,040 00
THE READING FIRE INSURANCE CO.
353
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, ....
Premiums on risks written or renewed,
Total, ......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from agency,
Deposits received for perpetual fire risks,
Gross cash income, ....
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for agency expenses,
for miscellaneous, .
Deposits returned on perpetual fire risks,
Gross cash expenditures, .
$31,309 38
269 28
$31,040 10
351,011 97
$382,052 07
44,593 13
$337,458 94
5,545 95
sources,
$117 00
$163,667 22
3,443 06
$23 75
$331,912 99
18,815 45
11,753 90
4,155 72
828 77
$367,466 83
$160,224 16
25,486 00
58,615 00
12,983 00
6,809 63
15,782 77
10,662 31
$290,562 87
,724,547 00 $851,978 93
35,183,153 00 381,134 88
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . . $43,586,999 00 $500,966 96
Fire risks written during 1897, . . . 33,137,548 00 351,011 97
Total,
Deduct risks expired and terminated,
In force at end of year, ....
Deduct amount reinsured,
Net amount in force, ....
Perpetual risks in force (not incPd above),
$41,541,394 00 $470,814 05
712,600 00 7,289 48
,828,794 00 $463,554 57
$147,750 00 $4,821 37
354 THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . ...
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent ),
Company's stock owned by directors, . . . .
£4,452,441 GO
2,395,165 00
175,135 00
462,561 00
25,000 00
54,890 00
"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA,'"
PHILADELPHIA, PA.
[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.]
Paid-up Capital, $300,000.
WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds $15,000 00 $16,950 00
City of Philadelphia bonds, .... 10,000 00 10,400 00
City of Pittsburgh, Pa., bonds, . . . 48,000 00 50,340 00
City of Quincy, III., bonds, .... 15,000 00 15,300 00
City of Wilmington, Del., bonds, . . . 20,000 00 21,400 00
City of Chester, Pa., bonds, .... 5,000 00 5,200 00
South Bethlehem, Pa , bonds, .... 4,000 00 4,120 00
Atlantic City, N. J., bonds 5,000 00 5,150 00
New Castle County, Del., bonds, . . . 5,000 00 5,400 00
United Company of New Jersey bonds, . . 5,000 00 5,500 00
Lehigh Valley R R. Co. bonds, .... 45,000 00 45,400 00
Easton & Amboy R.R. Co. bonds, . . . 20,000 00 21,600 00
North Pennsylvania R R. Co. bonds, . . 15,000 00 17,550 00
Louisville & Nashville R.R. Co. bonds, . . 8,000 00 9,120 00
Northern Central R.R. Co. bonds, . . . 10,000 00 11,200 00
Philadelphia & Erie R.R Co bonds, . . 25,000 00 29,750 00
Phila. & Baltimore Central R.R Co. bonds, . 10,000 00 10,500 00
Pennsylvania R.R. Co bonds, .... 4,000 00 4,960 00
Steubenville & Indiana R.R. Co. bonds, . . 10,000 00 11,000 00
Camden & Atlantic R.R Co. bonds, . . . 30,000 00 32,100 00
Pennsylvania & New York Canal Co. bonds, . 40,000 00 42,400 00
Allentown Terminal R.R. Co bonds, . . 15,000 00 15,600 00
Philadelphia & Reading R.R. Co bonds, . . 20,000 00 23,400 00
Delaware River Ferry Co. bonds, . . . 10,000 00 10,300 00
Philadelphia Traction Co. bonds, . . . 5,000 00 5,200 00
People's Passenger Railway Co. bonds, . . 10,000 00 10,200 00
Pennsylvania & New York Canal Co. bonds, . 20,000 00 18,600 00
New York & Long Branch R.R Co. bonds, . 5,000 00 5,500 00
Second Ave. Traction Co., Pittsburgh, Pa., b'ds, 15,000 00 16,200 00
THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 355
International Navigation Co. bonds,
Hunting. & Broad Top Mt. R.R. & Coal Co. b'ds,
Omaha Water Co. bonds,
Pitts., Chartiers & Youghiogheny R'y Co. b'ds,
Pittsburgh, Cin. & St. Louis Railway Co. bMs,
United Traction Co. of Pittsburgh bonds,
Northern Central R.R. Co. bonds, .
Philadelphia & Erie R.R. Co. bonds,
West Jersey & Seashore R.R. bonds,
Susquehanna Coal Co. bonds, .
200 shares Commercial N'l B'k, Phila., .
25 " Mechanics 1 N'l Bank, Philadelphia,
35 " company's own stock, . f 2,100 00
Par Value.
$5,000 00
10,000 00
10,000 00
7,000 00
16,000 00
10,000 00
20,000 00
5,000 00
5,000 00
5,000 00
10,000 00
2,500 00
Market Value.
$5,300 00
10,600 00
10,000 00
7,700 00
17,600 00
10,000 00
21,800 00
5,400 00
5,250 00
6,000 00
6,000 00
2,750 00
$554,500 00 |588,740 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $102,500 00
Loans on mortgage of real estate (first liens*), 243,620 00
Interest due or accrued thereon, . . , 3,032 84
Stocks and bonds, as per schedule, . . . 588,740 00
Cash in the office of the company, . . . 1,662 27
Cash deposited in bank, ..... 41,088 63
Premiums in course of collection (gross), . 55,467 30
Rents due and accrued, . . . . . 348 00
Perpetual insurance deposits, .... 747 00
Gross assets, . . . . . . __ $1,037,206 04
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Commissions and brokerage,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital,
$6,185 17
32,954 21
9,372 39
$48,511 77
3,775 38
$44,736 39
252,943 68
135,403 36
7,554 76
5,445 22
446,083 41
$591,122 63
300,000 00
$291,122 63
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$213,600 00
287,500 00
187,066 00
356
THE RELIANCE INSURANCE CO. OF PHILADELPHIA.
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from surveys, etc.,
Deposits received for perpetual fire risks,
$48,033 61
385,654 36
$433,687 97
55,467 30
$378,220 67
76,542 52
sources,
$301,678 15
12,255 49
27,191 09
839 27
292 02
1,821 50
Gross cash income, $342,256 02
Expenditures.
Cash paid for fire losses, . $ 145,647 12
Deduct salvage and reinsurance, . . « 14,912 22
Net cash paid for fire losses, ....
Cash dividends paid, . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks, . $5,177 00
Gross cash expenditures, .......
$130,734 90
21,000 00
79,392 10
28,012 00
10,243 20
18,573 77
$287,955 97
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, . . , . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
. $44,099,823 00
. 36,612,055 00
Premiums.
,571 29
385,654 36
.$80,711,878 00 $895,225 65
. 33,300,432 00 357,710 84
.$47,411,446 00 $537,514 81
. 4,203,534 00 47,742 77
.$43,207,912 00 $489,772 04
Perpetual risks in force (not ■ incl'd above), . $5,425,144 00 $148,289 67
ROCHESTER GERMAN INSURANCE CO.
357
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (7 per cent.), .
Company's stock owned by directors, . . * .
$4,645,354 00
2,808,678 00
143,550 00
865,597 00
21,000 00
42,450 00
"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER,
NEW YORK," ROCHESTER, N. Y.
[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872."]
Paid-up Capital, $200,000.
FREDERICK COOK, President. H. F. ATWOOD, Secretary.
Detailed Statement of Stocks and Bonds.
Rochester Railway bonds, ....
Georgia State bonds, .....
Erie R.R. bonds, ......
Northern Pacific R.R. bonds, ....
Nashville, Chattanooga & St. Louis R.R. b'ds,
Atch., Topeka & Santa Fe R.R. bonds,
Minneapolis & St. Louis R.R. bonds,
German American Bank of Rochester stock, .
Title and Guarantee Co. of Rochester stock, .
Par Value.
$200,000 00
25,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
Market Value.
$200,000 00
25,000 00
9,300 00
9,600 00
10,300 00
8,962 50
10,650 00
22,500 00
10,000 00
$295,000 00 $306,312 50
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,
Deduct special deposits in other States, .
$196,036 06
400,942 40
7,255 02
306,312 50
838 07
65,506 68
3,108 33
46,506 44
$1,026,505 50
25,000 00
Balance, $1,001,505 50
* Value of lands mortgaged $453,290 00
Value of buildings thereon 539,150 00
Amount of insurance held as collateral, .... 390,425 00
358
ROCHESTER GERMAN INSURANCE CO.
Liabilities.
Losses adjusted, unpaid, . . . . . $9,554 79
claimed and reported, .... 17,195 00
disputed or resisted, .... 2,659 51
Unearned premiums on outstanding risks, . 301,971 58
Commissions and brokerage, .... 9,962 48
Gross liabilities, except capital, . . $341,343 36
Deduct liability on special deposits, . 24 65
Surplus as regards policy holders,
Paid-up capital,
Surplus over capital, .
$341,318 71
. $660,186 79
200,000 00
. $460,186 79
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash tire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from discount,
r ,337 22
483,555 22
$540,892 44
46,506 44
$494,386 00
165,533 32
sources,
$328,852 68
20,299 37
13,183 75
9,173 85
616 80
Gross cash income, f 372,126 45
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
$172,609 61
44,616 85
$127,992 76
20,000 00
57,159 72
29,528 20
14,215 58
44,992 69
Gross cash expenditures,
f293,888 95
RUTGERS FIRE INSURANCE CO.
359
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
.$54,494,435 00 $569,484 21
. 46,184,430 00 483,555 22
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
Net amount in force, .
$100,678,865 00 $1,053,039 43
. 41,982,602 00 459,186 63
.$58,696,263 00 $593,852 80
662,851 00 6,164 89
.$58,033,412 00 $587,687 91
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . . .
^8,210,374 00
4,638,134 00
142,494 00
439,000 00
20,000 00
38,213 00
"RUTGERS FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated Oct. 3, 1853. Commenced business Oct. 10, 1853.]
Paid-up Capital, $200,000.
EDWARD B. FELLOWS, President. HENRY C. KREISER, Secretary.
Detailed Statement of Stocks
District of Columbia bonds, ....
240 shares N Y. Cen. & Hudson River R.R , .
300
466
300
50
187
Delaware, Lacka. & Western R.R.,
Delaware & Hudson Canal Co.,
Consolidated Gas Co , N. Y., .
Long Island R.R., ....
Tradesmen's National Bank, N. Y.,
and Bonds.
Par Value.
$50,000 00
24,000 00
15,000 00
46,600 00
30,000 00
2,500 00
7,480 00
Market Value.
$57,500 00
25,530 00
23,362 50
52,075 50
53,100 00
1,000 00
7,854 00
Securities held as collateral for cash loans : —
20 shares Consolidated Gas Co. of New York,
20 " Delaware, Lack. & Western R R., .
$175,580 00 $220,422 00
Market Value. Loaned Thereon.
$3,540 00
1,557 50
$3,000 00
>,097 50 $3,000 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $67,000 00
Loans on mortgage of roal estate (first liens*), 26,200 00
* Value of lands mortgaged,
Value of buildings thereon, .
Amount of insurance held as collateral,
$41,500 00
23,000 00
21,000 00
360
RUTGERS FIRE INSURANCE CO.
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Prem's more than three mos. due, . $166 74
Gross assets, . . . . .
Liabilities.
Losses adjusted, unpaid, . .
Losses claimed and reported, .
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
$740 83
220,422 00
3,000 00
1,214 71
8,493 47
1,850 07
12,575 22
325 83
$1,527 60
18,390 16
119,917 76
1,336 75
,581 01
48,606 82
784 18
2,559 09
1,729 96
1 83
$341,822 13
72,262 89
$269,559 24
200,000 00
Surplus over capital,
,559 24
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ...
Net collected,
Premiums on risks written or renewed, .
Total
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Gross cash income,
$10,966 98
62 50
$10,904 48
100,752 27
$111,656 75
12,741 96
,914 79
12,616 40
sources,
,298 39
1,187 50
9,077 17
1,760 00
$98,323 06
SCHUYLKILL FIRE INSURANCE CO.
361
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, .
for repairs on real estate,
Gross cash expenditures, ....
$49,402 87
4,946 26
$44,456 61
18,000 00
21,094 36
11,470 01
2,911 33
6,803 03
97 37
$104,832 71
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
.$11,279,487 00 $114,108 43
. 10,162,532 00 100,752 27
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
.$21,442,019 00 $214,860 70
. 10,927,408 00 114,786 31
.$10,514,611 00 $100,074 39
259,515 00 2,761 48
,255,096 00 $97,312 91
Miscellaneous.
Premiums received from organization of company, . . $3,831,417 00
Losses paid from organization of company, .... 1,630,248 00
Fire losses incurred during the year, . . . . . 59,800 00
Cash dividends declared from organization of company, . 1,156,000 00
Dividends declared during the year (9 per cent.), . . . 18,000 00
Company's stock owned by directors, ..... 65,175 00
"SCHUYLKILL FIRE INSURANCE COMPANY," PHILA., PA.
[Incorporated Aug. 29, 1895. Commenced business Sept. 3, 1895.]
Paid-up Capital, $200,000.
ALEXANDER BALFOUR, President. JOHN A. GIFFORD, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
. $111,000 00 $127,650 00
20,000 00 21,300 00
United States bonds, .
Schuylkill River East Side bonds, .
$131,000 00 $148,950 00
3G2
SCHUYLKILL FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $106,000 00
Interest due or accrued thereon, . . . 1,424 67
Stocks and bonds, as per schedule, . . . 148,950 00
Cash in the office of the company, . . . 618 00
Cash deposited in bank, . . . . 18,372 40
Interest due and accrued, ..... 1,008 28
Premiums in course of collection (gross), . 23,045 21
Gross assets, ......
$299,418 56
Liabilities.
Reported losses, .....
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, ......
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
$6,209 35
30,711 96
3,456 78
5,153 67
Surplus over capital, .
45,531 76
$253,886 80
200,000 00
$53,886 80
Income.
Fire premiums outstanding Dec. 31, 1896, . $52,283 08
Premiums on risks written or renewed, . . 173,925 83
Total, ........ $226,208 91
Premiums now in course of collection, . . 23,045 21
Entire premiums collected, . . . . $203,163 70
Less reinsurance and return premiums, . . 20,555 77
Net cash fire premiums received, . . .
Interest received on mortgages, ......
Interest and dividends received from all other sources, .
Gross cash income,
$182,607 93
6,003 65
7,347 50
$195,959 08
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
$122,930 88
19,540 40
Gross cash expenditures, $135,187 53
$103,390 48
25,136 71
2,143 44
3,099 59
1,417 31
* Total value of property mortgaged,
Amount of insurauce held as collateral,
$212,000 00
16,000 00
SECURITY INSURANCE CO.
363
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
. $14,180,926 00
. 13,652,597 00
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$27,833,523 00
20,985,219 00
^6,848,304 00
3,424,152 00
Premiums.
$198,331 27
173,925 83
$372,257 10
249,409 26
$122,847 84
61,423 92
53,424,152 00 $61,423 92
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year,
Company's stock owned by directors, .
$403,702 00
149,592 00
87,181 00
200,000 00
"SECURITY INSURANCE COMPANY OF NEW HAVEN," NEW
HAVEN, CONN.
[Incorporated April, 1841. Commenced business April, 1841.]
Paid-up Capital, $200,000.
CHAS. S. LEETE, President. H. MASON, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Tradesmen's Nat'l Bank (New Haven) stock, . $16,000 00 $22,880 00
Second National Bank (New Haven) stock, . 11,700 00 20,124 00
Merchants' National Bank (New Haven) stock, 27,500 00 25,850 00
Yale National Bank (New Haven) stock, . 20,000 00 23,200 00
New Haven Nat'l Bank (New Haven) stock, . 21,000 00 35,700 00
New Haven County Nat'l B'k (N. H.) stock, . 18,830 00 26,362 00
First National Bank (New Haven) stock, . 13,300 00 18,620 00
American Exchange Nat'l Bank (N. Y.) stock, 10,000 00 17,300 00
Western National Bank (New York) stock, . 7,500 00 10,125 00
Southern New England Telephone Co. stock, . 12,000 00 14,640 00
New York Steam Power Co. stock, . . . 2,500 00 1,543 33
Chicago, Rock Island & Pacific R R. stock, . 11,000 00 9,900 00
Cleve., Cincinnati, Chic. & St. Louis R'y stock, 10,000 00 8,100 00
Illinois Central R.R stock, .... 10,000 00 10,400 00
Delaware & Hudson Canal Co. stock, . . 10,000 00 11,200 00
Cleveland & Pittsburgh R.R. stock, . . . 10,000 00 16,950 00
Fair Haven & Westville R.R. stock, . . 2,500 00 6,200 00
Baltimore & Ohio R.R. receivers' certificates, . 15,000 00 15,300 00
364
SECURITY INSURANCE CO.
Macon (Ga.) Gas Light & Water Co. bonds,
Minneapolis & St. Louis R.R. bonds,
New York & New England R.R. bonds, .
Columbus & Hocking Coal & Iron Co. bonds
Southern R'y bonds,
Central R.R. of Georgia bonds,
Southern New England Telephone Co. bonds
Meriden (Conn ) Horse R.R. Co. bonds, .
New Haven & Centerville Street R.R. bonds,
New Haven Street R'}- Co. bonds, .
N. H., West Haven & Wine. Ave. R.R. bonds
Waterbury Traction Co. bonds,
City of Indianapolis bonds,
City of Omaha (Neb.) bonds, .
City of Superior (Wis.) bonds,
Par Value.
$20,000 00
4,000 00
10,000 00
10,000 00
15,000 00
5,000 00
4,000 00
8,000 00
12,000 00
5,000 00
1,000 00
10,000 00
6,000 00
10,000 00
10,000 00
Market Value.
117,500 00
5,000 00
12,000 00
8,000 00
14,193 75
1,620 00
4,120 00
8,400 00
13,320 00
5,250 00
1,050 00
10,450 00
6,180 00
10,800 00
10,000 00
Securities held as collateral for cash loans : —
Southern New England Telephone Co. stock, .
City Bank, New Haven, stock, .
Mechanics' 1 Bank, New Haven, stock,
Merchants 1 National Bank, New Haven, stock,
New Haven Water Co. stock, ....
Mercantile Safe Deposit Co., New Haven, stock,
Norwalk Tramway Co. bonds, .
U. S. Rubber Co. stock,
N. Y., N. H. & Hartford R.R. debentures,
Danbury & Bethel Horse R'y Co. bond, .
$358,830 00 $422,278 08
Market Value. Loaned Thereon.
$12,566 00 $10,000 00
4,125 00^
399 60 j
470 00 [
1,620 00 |
650 00 J
8,550 00
1,755 00^
7,975 00 i
1,010 oo)
5,500 00
4,500 00
8,000 00
$39,120 60 $28,000 00
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets, .....
31, 1897.
$89,200 00
182,188 78
817 83
422,278 08
28,000 00
330 87
37,574 93
2,141 59
75,799 08
4,339 30
$842,670 46
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
229,480 00
213,400 00
152,300 00
SECUKITY INSURANCE CO.
365
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income, .
$17,045 37
31,394 19
5,581 00
$54,020 56
8,682 76
$45,337 80
381,986 77
19,093 65
6,836 64
$68,573 89
664 55
$67,909
34
578,423
32
$646,332
66
72,762
02
$573,570 64
130,341
58
$5,054
14
150
65
$4,903
49
58,096
11
$62,999 60
3,037
06
$59,962 54
12,250
37
sources,
$453,254 86
$389,415 60
200,000 00
$189,415 60
$443,229 06
47,712 17
8,052 51
21,199 71
1,234 62
$521,428 07
366
SECURITY INSURANCE CO.
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses,
Cash dividends paid, .....
Cash paid for commissions and brokerage, .
for salaries of officers and employees,
for State and local taxes,
8250,578 87
19,253 67
$35,376 33
8,044 42
$231,325 20
27,331 91
13,000 00
116,466 49
54,173 74
7,114 49
Gross cash expenditures,
9,411 83
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$78,892,581 00 $741,976 46
55,611,713 00 578,423 32
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
In force at end of year, . .
Deduct amount reinsured,
$134,504,294 00 $1,320,399 78
. 53,617,718 00 564,137 30
,886,576 00 $756,262 48
4,529,631 00 53,778 12
$76,356,945 00 $702,484 36
$629,213 00 $20,641 26
4,778,205 00 58,096 11
15,407,418 00 $78,737 37
4,822,858 00 53,562 55
$584,560 00 $25,174 82
114,266 00 3,279 41
Net amount in force, .
$470,294 00 $21,895 41
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . .
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (6£ per cent.),
Company's stock owned by directors, .
$,964,784 00
6,683,765 00
239,027 00
28,682 00
452,281 00
13,000 00
58,800 00
SPRING GARDEN INSURANCE CO.
3G7
"SPRING GARDEN INSURANCE COMPANY," PHILADELPHIA, PA.
[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.]
Paid-up Capital, $400,000.
CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary.
Detailed Statement of Stocks and Bonds.
Allegheny Valley R.R. bonds, .
Baltimore Traction bonds,
Bells Gap R.R. bonds, ....
Buffalo Railway bonds, ....
Camden & Atlantic Railroad bonds,
Camden, N. J., Horse Railroad bonds,
Chicago & Western Indiana R R. bonds,.
Clearfield & Jefferson R.R. bonds, .
Central R.R. of New Jersey bonds,
Cleve., Columbus, Cin. & Indiana R.R. bonds,
Cleveland Electric Railwa} 7 bonds, .
Columbus & Cincinnati Midland RR bonds,
Easton & Amboy Railroad bonds, „
Edison Electric gold trust certificates,
Electric & People's Traction certificates,
International Navigation Co. of N. J. bonds,
Jacksonville & St. Louis Railway bonds,
Jacksonville Southeastern R'y bonds,
Jacksonville, Tampa & Key West R.R. bonds
Lehigh Coal & Navigation Co. bonds,
Lehigh Valley Coal Co. bonds,
Lehigh Valley Railroad bonds,
Lehigh Valley Railway of New York bonds,
Mortgage Trust Co. of Pennsylvania bonds,
New York & Long Branch R.R. bonds, .
Northern Pacific R.R. & Land Grant bonds,
Oglethorpe Savings & Tr. Co., Sav., Ga., cert's,
200 shares Penn. Nat'l Bank of Philadelphia,
Pennsylvania & Northwestern R.R. bonds,
Pennsylvania Steel Co. bonds, .
People's Passenger R'y bonds, .
Philadelphia & Reading R.R bonds,
Phila., Reading & New P^ngland R.R. bonds,
Pitts., Cincinnati & St. Louis R.R. bonds,
Sanitary District of Chicago bonds,
Schuylkill River East Side R.R bonds, .
Steubenville & Indiana R.R. bonds,
St. Louis Merchants' Bridge Terminal R'y b'ds,
Sunbury, Hazleton & Wilkesbarre R'y bonds,
Par Value.
$20,000 00
20,000 00
20,000 00
5,000 00
10,000 00
15,000 00
15,000 00
15,000 00
15,000 00
10,000 00
5,000 00
20,000 00
10,000 00
25,000 00
30,000 00
25,000 00
5,000 00
7,000 00
10,000 00
20,000 00
12,000 00
20,000 00
5,000 00
25,000 00
10,000 00
26,000 00
10,000 00
10,000 00
25,000 00
10,000 00
30,000 00
90,000 00
30,000 00
30,000 00
10,000 00
10,000 00
5,000 00
10,000 00
10,000 00
Market Value.
$25,800 00
20,000 00
22,650 00
5,500 00
11,800 00
15,750 00
18,000 00
16,500 00
16,875 00
12,800 00
5,050 00
12,000 00
10,800 00
26,500 00
23,400 00
26,500 00
4,250 00
7,000 00
6,000 00
25,600 00
11,820 00
21,700 00
5,100 00
17,500 00
11,400 00
24,960 00
11,000 00
18,000 00
23,750 00
10,000 00
32,000 00
99,125 00
9,900 00
33,000 00
11,125 00
10,500 00
5,500 00
10,400 00
10,500 00
368
SPRING GARDEN INSURANCE CO.
Terre Haute & Logansport R.R bonds,
United Gas Improvement Co. bonds,
Wilmington & Northern R.R. bonds,
Securities held as collateral for cash loans : —
Lehigh Valley annuity bonds, .
Bloomington City Railway bonds, .
Kansas City, Pitts. & Gulf R.R. bonds,
225 shares Welsbach Commercial stock,
Ground rents, . . . .
Par Value.
$20,000 00
10,000 00
25,000 00
Market Value.
119,000 00
10,600 00
26,250 00
$735,000 00 $7-18,905 00
Market Value. Loaned Thereon.
$14,820 00 $13,500 00
13,500 00 7,568 44
5,460 00 >
13,275 00 ( 15 ' 000 00
224,200 00 138,600 00
$271,255 00 $174,668 44
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Rents due and accrued, ....
Reclaimable on perpetual deposits, .
Reinsurance, ......
Prem's more than three mos. due, . $1,589 66
Gross assets,
^314,000 00
128,250 00
2,684 37
748,905 00
174,668 44
20,010 80
37,305 64
2,669 78
130,560 41
1,000 00
555 43
225 00
23 64
:,560,858 51
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Reclaimable on perpetual fire policies,
Due and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
$4,968 37
58,929 88
6,450 00
,348 25
16,930 08
$53,418 17
451,613 03
394,140 34
4,105 73
3,604 97
13,467 07
* Total value of property mortgaged,
Amount of insurance held as collateral,
$219,825 00
131,000 00
SPRING GARDEN INSURANCE CO.
369
Return premiums and reinsurance, .
Reserved for contingencies,
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
,031 80
10,000 00
1,779 33
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, . . . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents,
Income from all other sources,
Deposits received for perpetual fire risks,
$971,160 44
$589,698 07
400,000 00
$189,698 07
Gross cash income,
Expenditures.
Cash paid for fire losses, $297,864 67
Deduct salvage and reinsurance, . . . 63,378 42
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks, . $ 12,086 20
Gross cash expenditures, .
Risks and Premiums.
|126,292 48
802,874 33
$929,166 81
130,560 41
$798,606 40
282,813 75
sources,
$23,791 53
$515,792 65
8,942 71
42,985 67
1,198 39
1,518 36
$570,437 78
$234,486 25
32,000 00
123,671 26
27,556 85
24,476 76
58,890 73
$501,081 85
Premiums.
$883,813 00
802,874 33
1,686,687 33
664,851 98
1,021,835 35
182,182 14
. $92,105,608 00 $839,653 21
Perpetual risks in force (not incl'd above), . $18,255,536 00 $432,378 15
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
. $93,428,894 00
. 85,635,572 00
$179,064,466 00
. 66,654,292 00
$112,410,174 00
. 20,304,566 00
370
ST. PAUL FIRE AND MARINE INSURANCE CO.
Miscellaneous.
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of comjoan}',
Dividends declared during the year (8 per cent.), . .
Company's stock owned by directors, .
H,245,672 00
239,377 00
1,865,215 00
32,000 00
78,450 00
"ST. PAUL FIRE AND MARINE INSURANCE COMPANY,"
ST. PAUL, MINN.
[Incorporated May, 1865. Commenced business May, 1865.]
Paid-up Capital, $500,000.
C. H. BIGELOW, President. A. W. PERRY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
320 shares First National Bank, St. Paul, . $32,000 00 $72,000 00
500 " Merchants' National Bank, St. Paul, 50,000 00 50,000 00
50 " Second Nat'l Bank, St. Paul, . . 5,000 00 11,250 00
332 " St. Paul National Bank, St. Paul, . 33,200 00 26,560 00
45 « First National Bank, Alexandria, . 4,500 00 6,300 00
60 " Flour City Natl Bank, Minneapolis, 6,000 00 6,000 00
50 " St. Paul Trust Comp'y, St. Paul, . 5,000 00 1,500 00
50 " West Publishing Co., St. Paul, . 2,500 00 3,750 00
25 " First National Bank, St. Peter, . 2,500 00 3,250 00
50 " First National Bank, Stillwater, . 5,000 00 8,750 00
45 " Northwests N'l B'k, Minneapolis, . 4,500 00 6,075 00
125 " First National Bank, Minneapolis, . 12,500 00 12,500 00
60 " American Exchange Bank, Duluth, 6,000 00 7,500 00
50 " First National Bank, Duluth, . . 5,000 00 7,500 00
25 " Northwestern Nat'l Bank, Superior, 2,500 00 2,500 00
100 " North Amer. Tel. Co., Minneapolis, 10,000 00 10,000 00
Minnesota Land & Invest. Co., St. Paul, stock, 8,100 00 17,192 34
Northern Pacific R'y bonds, .... 100,000 00 94,500 00
City of St. Paul, Minn., certificates, . . . 57,000 00 57,000 00
City of Duluth, Minn , certificates, . . . 12,230 56 12,630 56
City of Richmond, Va., bonds, . . ... 25,000 00 25,000 00
State of Georgia bonds, . . . . . 25,000 00 26,000 00
City of Portland, Ore., bridge bonds, . . 23,000 00 26,405 00
City of Portland, Ore., water bonds, . . 27,000 00 30,880 00
County of Missoula, Montana, bonds, . . 10,000 00 10,910 00
Chic, St. Paul, Minneap. & Omaha R'y bonds, 50,000 00 67,500 00
City of Faribault, Minn , bonds, . ' . . 25,000 00 25,000 00
City of Jordan, Minn., bonds, . . . . 29,000 00 30,450 00
Town of Blue Earth City, Minn., bonds, . . 36,000 00 36,000 00
ST. PAUL FIRE AND MARINE INSURANCE CO.
371
County of Kidder, N. D., bonds,
County of Barnes & Cass, N. D., sch'l dist. b'ds,
Village of Detroit, Minn., school district b 1 ds,
Town of Vernon Centre, Minn., bonds, .
Town of Jo Davies, Minn., bonds, .
Town of Elmore, Minn., bonds,
Town of Winnebago City, Minn., bonds, .
Village of Winnebago City, Minn., bonds,
Town of Pilot Grove, Minn., bonds, .
County of Morton, N. D., bonds,
Village of Glencoe, Minn., bonds, .
Village of Fulda, Minn., bonds,
Chaska, Minn., school district bonds,
Minneapolis Gas Light Co. bonds, .
St. Paul Gas Light Co. bonds, .
School Dist. 11, Big Stone County, Minn., b'ds,
County of Jerauld, S. D., sch 1 ! township bonds,
County of Barnes & Cass, N. D., sch 1 ! dist. b'ds,
Contracts of sale of lands,
County of Ramsey tax sale certificate,
County warrants,
Par Value.
$9,000 00
7,500 00
5,000 00
1,000 00
5,500 00
6,500 00
10,000 00
5,000 00
5,000 00
12,000 00
8,000 00
5,000 00
1,500 00
1,000 00
10,000 00
3,000 00
1,200 00
2,100 00
8,600 70
4,188 69
716 14 '
Market Value.
$9,900 00
8,250 00
5,100 00
1,000 00
5,500 00
6,500 00
10,000 00
5,000 00
5,000 00
13,080 00
8,737 60
5,250 00
1,500 00
1,050 00
10,975 00
3,000 00
1,200 00
2,100 00
8,600 70
4,188 69
716 14
$725,336 09 $811,551 03
Securities held as collateral for cash loans :
North American Telegraph Co.,
Continental N'l B'k of Chicago, 111.,
First N'l B'k, Little Falls, Minn., .
Strong- Hackett H'dware Co., St. PI,
Rutland Co. N'l B'k, Rutland, Vt , .
Merchants' National B'k, St. Paul, .
Savings Bank, St. Paul, .
Cons. Elevator Co., Duluth, .
West Side Bank, St. Paul,
Spring Valley Coal Company,
St. Paul Foundry Company, .
Minneapolis Union Elevator Co., .
Farwell, Ozmun, Kirk & Co , St. P ,
St. Paul Title Ins. & Trust Co.,
Pioneer Press Co., St. Paul, Minn., .
s, Minn , Electric & Water Co. b'ds,
s, Minn., Water Power Co. bonds, .
Excess of loan over market value,
150 shares
100
it
50
k
70
u
75
it
192
it
471
(t
184
(C
10
tt
400
CI
500
tt
77
((
375
It
30
tt
124
it
Little
Fall
Little Fall
Market Value.
$15,000 00
13,300 00
6,250 00
7,000 00
9,750 00
19,200 00
47,100 00
12,880 00
1,000 00
20,000 00
25,000 00
7,700 00
41,250 00
750 00
3,100 00
34,200 00
22,500 00
$285,980 00
Loaned Thereon.
$10,000 00
10,000 00
5,000 00
2,500 00
7,500 00
15,300 00
44,962 75
9,500 00
600 00
17,700 00
20,000 00
7,500 00
22,000 00
2,400 00
3,000 00
23,606 03
15,000 00
$216,568 78
1,650 00
$214,918 78
372
ST. PAUL FIRE AND MARINE INSURANCE CO.
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets,
Deduct special deposits in other States, .
Balance, $2,253,770 05
$574,853 43
375,907 42
811,551 03
214,918 78
11,696 81
169,406 41
176,220 49
27,500 68
1,362,055 05
108,285 00
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital, .
Surplus over capital, .
$31,926 55
123,680 70
11,607 14
$167,214 39
26,219 23
$140,995 16
964,111 99
26,584 81
73,768 21
1,205,460 17
21,873 29
1,183,586 88
51,070,183 17
500,000 00
$570,183 17
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
. $174,900 27
. 1,561,350 03
Total, .......
Premiums now in course of collection, „
. $1,736,250 30
176,220 49
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
. $1,560,029 81
264,533 73
* Value of lands mortgaged, ....
Value of buildings thereon, . . .
Amount of insurance held as collateral, .
. $803,600 00
424,950 00
314,175 00
ST. PAUL FIRE AND MARINE INSURANCE CO.
373
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total, . . . . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Gross cash income,
$26,589 51
334,586 23
$361,175 74
27,500 68
$333,675 06
66,534 14
sources,
$267,140 92
24,092 43
44,788 81
11,483 84
$1,643,002 08
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for marine and inland losses,
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
$699,971 01
39,311 82
$230,968 61
32,496 77
$660,659 19
198,471 84
50,000 00
326,908 50
71,108 51
32,183 63
96,017 86
$1,435,349 53
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. .....
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$139,768,950 00
104,644,588 00
$244,413,538 00
101,930,964 00
$142,482,574 00
9,639,191 00
Premiums.
$1,805,391 23
1,561,350 03
$3,366,741 26
1,491,234 05
$1,875,507 21
118,832 56
$132,843,383 00 $1,756,674 65
$3,640,349 00
26,276,377 00
$29,916,726 00
24,685,156 00
$5,231,570 00
662,914 00
$130,922 69
334,586 23
$465,508 92
295,099 15
$170,409 77
24,545 49
$4,568,656 00 $145,864 28
374
TEUTONIA INSURANCE CO,
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the 3 T ear, - .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, . . .
'22,740,478 00
14,232,371 00
666,366 00
203,351 00
1,346,694 00
50,000 00
75,600 00
"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS,"
NEW ORLEANS, LA.
[Incorporated April 12, 1871. Commenced business June 1, 1871.]
Paid-up Capital, $250,000.
ALBERT P. NOLL, President. GEORGE MEYER, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
New Orleans city bonds, . . . . . $265,000 00
Louisiana State bonds, . . . . . 160,000 00
United States bonds, 50,000 00
100 shares Canal Bank, New Orleans, . . 10,000 00
25 " Germania Nl Bank, New Orleans, . 2,500 00
10 " Provident Savings Bank, N. O., . 1,000 00
Market Value.
$299,850 00
163,200 00
57,000 00
12,400 00
2,500 00
780 00
$488,500 00 $535,730 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $40,000 00
Loans on mortgage of real estate (first liens*), 14,750 00
Stocks and bonds, as per schedule, . . . 535,730 00
Cash in the office of the company, . . . 363 83
Cash deposited in bank, ..... 37,325 25
Premiums in course of collection (gross), . 60,158 66
Gross assets,
,327 74
Liabilities.
Unpaid losses, . $13,574 65
Unearned premiums on outstanding risks, . 210,325 12
Dividends to stockholders unpaid, . . . 13,135 00
Gross liabilities, except capital, . . 237,034 77
Surplus as regards policy holders, $451,292 97
Paid-up capital, ......... 250,000 00
Surplus over capital $201,292 97
* Total value of property mortgaged $33,000 00
Amount of insurance held as collateral 21,800 00
TEUTONIA INSURANCE CO.
375
Income.
Fire premiums outstanding Dec. 31, 1896, . $63,823 70
Premiums on risks written or renewed, . . 468,239 60
Total, . . . . . . . $532,063 30
Premiums now in course of collection, . . 58,700 16
Entire premiums collected, .... -$473,363 14
Less reinsurance and return premiums, . . 132,297 04
Net cash fire premiums received, . . . 1341,066 10
Marine premiums outstanding Dec. 31, 1896, . $2,045 60
Premiums on risks written or renewed, . . 29,017 66
Total, . . . . ■ . . . . $31,063 26
Premiums now in course of collection, , . 1,458 50
Entire premiums collected, .... $29,604 76
Less reinsurance and return premiums, . . 6,742 15
Net cash marine premiums received, . . 22,862 61
Interest and dividends received from all sources, . . , 20,167 78
Gross cash income, . . . . . . . . $384,096 49
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Cash dividends paid, .....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
$206,282 92
29,711 27
Risks and Pi
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1897, .
Deduct risks expired and terminated,
EMIUMS.
. $31,256,118 00
. 30,907,639 00
. $62,163,757 00
. 32,856,740 00
. $29,307,017 00
. 2,372,636 00
.$26,934,381 00
. $4,676,088 00
. $4,676,088 00
$176,571 65
9,071 52
25,000 00
67,591 97
22,772 32
7,499 17
19,993 61
$328,500 24
Premiums.
$381,580 36
468,239 60
$849,819 96
407,379 81
$442,440 15
29,456 91
$412,983 24
$29,017 66
$29,017 66
376
TRADERS INSURANCE CO.
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year, • .
Cash dividends declared from organization of compan}\
Dividends declared during the year (5 per cent.), .
Company's stock owned by directors, . .
$6,224,920 00
2,910,364 00
176,571 00
9,071 00
563,892 00
12,500 00
82,100 00
"TRADERS' INSURANCE COMPANY," CHICAGO, ILL.
[Incorporated February, 1865. Commenced business May, 1872.]
Paid-up Capital, $500,000.
E. BUCKINGHAM, President. R. J. SMITH, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, $150,000 00
Chicago Packing & Provision Co. bonds, . 25,000 00
North Chicago Street R.R. Co bonds, . . 5,000 00
Chicago, Milwaukee & St. Paul R'y Co. bonds, 20,000 00
Chicago & Northwestern Railway bonds, . 5,000 00
Chicago, R. I. & P. Railway bonds, . . . 20,000 00
Cass Avenue & Fair Grounds Railway bonds, 10,000 00
Chicago & Eastern Illinois R.R. bonds, . . 10,000 00
Lake Erie & Western R.R. bonds, . . . 20,000 00
American Exchange National Bank stock, . 25,000 00
National Bank of America stock, . . . 30,000 00
Union National Bank stock, .... 20,000 00
Continental National Bank stock, . . . 32,500 00
Corn Exchange Bank stock, .... 10,000 00
Chicago & Alton R.R. stock, .... 25,000 00
Chicago, Milwaukee & St. Paul Railway stock, 100,000 00
Chicago & N. W. Railway stock, . . . 75,000 00
Chicago City Railway stock, .... 157,000 00
Chicago West Div. Railway stock, . . . 6,800 00
North Chicago City Railway stock, . , . 5,000 00
North Chicago Street R.R. stock, . . . 60,000 00
National Railway stock, . . . . 56,700 00
South Side Elevated R.R. stock, . . . . 29,700 00
Tri-City Railway stock, . . .-'_.. . 10,000 00
Central Music Hall stock, .... 2,200 00
Chicago Leasehold, trustees' stock, ... 25,000 00
City of Chicago warrants, .... 20,000 00
Town of Cicero warrants, .... 6,741 10
Illinois Central R.R. stock, . " ' . . . 20,000 00
Wabash R.R bonds, 25,000 00
Atchison, Topeka & Santa Fe R'y bonds, . 35,000 00
Market Value.
|169,125 00
25,750 00
5,000 00
20,800 00
5,800 00
21,500 00
10,100 00
10,100 00
23,200 00
21,250 00
34,500 00
23,000 00
39,975 00
26,000 00
40,750 00
118,500 00
101,500 00
370,520 00
40,800 00
25,000 00
137,400 00
58,401 00
18,265 50
10,000 00
7,700 00
20,000 00
20,000 00
6,181 52
20,800 00
26,750 00
31,150 00
$1,011,641 10 $1,489,818 02
traders' INSURANCE CO.
377
Securities held as collateral for cash loans :
Chicago Auditorium Association bonds, .
Summary op Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ,
Interest due and accrued, ....
Premiums in course of collection (gross),
Due for losses paid and premiums advanced,
Prem's more than three mos. due, $1,761 72
Gross assets,
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, ...
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
All other items, ....
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, . .
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Market Value. Loaned Thereon.
i,000 00 $22,500 00
31, 1897.
$17,710 92
216,750 00
6,430 41
1,489,818 02
22,500 00
450 64
50,440 79
8,504 73
67,424 01
12,947 35
$1,892,976 87
H3,123 54
52,220 04
16,938 40
,281 98
9,832 41
$72,449 57
479,031 76
9,566 44
7,491 49
32,272 51
600,811 77
. $1,292,165 10
500,000 00
. $792,165 10
$64,786 73
683 87
$64,102 86
847,571 69
$911,674 55
68,501 86
$843,172 69
182,748 15
$660,424 54
* Value of lands mortgaged, .
Value of buildings thereon, .
Amount of insurance held as collateral,
$293,042 00
263,483 00
203,933 00
878
UNION INSURANCE CO.
Interest received on mortgages, . .
Interest and dividends received from all other sources, .
Income from rents, . . . ._•'".
Gross cash income, ...
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash dividends paid, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Gross cash expenditures, ....
|358,907 35
33,624 96
$14,098 84
63,669 81
449 79
$738,642 98
$325,282 39
50,000 00
113,807 55
67,383 93
22,977 10
61,537 57
$640,988 54
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $70,208,928 00 $988,749 26
. 67,247,669 00 .847,571 69
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$137,456,597 00 $1,836,320 95
61,040,648 00 839,357 53
$76,415,949 00 $996,963 42
4,770,044 00 61,282 18
$71,645,905 00 $935,681 24
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent ),
Company's stock owned by directors, ....
$12,309,795 00
7,516,173 00
325,639 00
1,272,500 00
50,000 00
139,900 00
"UNION INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated Feb. 6, 1804. Commenced business July 25, 1803 ]
Paid-up Capital, $200,000.
CHAS. S. HQLLINSHEAD, President. E. R. DANNELS, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . ..... $10,00000 $11,45000
Baltimore & Ohio R.R. Co. bonds, . . 25,000 00 27,500 00
UNION INSURANCE CO.
379
Susquehanna Coal Co. bonds, .
Steubenville & Indiana R.R. Co. bonds, .
Chesapeake & Delaware Canal Co. bonds,
Philadelphia & Reading R.R. bonds,
New York Car Trust bonds,
Shamokin, Sunbury & Lewisburg R.R. Co. b'ds
Perkiomen R.R. Co. bonds,
Lehigh Valley R.R. Co. bonds,
North Penn. R.R. Co. bonds, .
Hestonville, Mantua & Fair. Pass. R.R. bonds
People's Passenger Railway Co. bonds, .
Lehigh Coal and Navigation Co. bonds, .
Cincinnati, Dayton & Ironton R.R. bonds,
Terminal R.R. Association of St. Louis bonds
Atlantic City R.R, Co. bonds, .
Union Traction Co. trust certificates,
Huntingdon & Broad Top Car Trust Fund b'ds
Baltimore & Ohio R R. Co. receivers' certifs,
Easton & Amboy R.R. Cotrustees' certificates
Penn. & New York Canal & R.R. Co. bonds,
Bloomfield Street Railway Co. bonds,
Lynn & Boston R.R. Co. bonds,
Camden & Suburban Railway Co. bonds,.
100 shares Little Schuylkill R.R. Co.,
136 " North Pennsylvania R.R. Co.,
88 " Delaware Insurance Co.,
68 " Philadelphia National Bank, .
88 " Farmers 1 & Mechanics' N'l Bank,
100 " Philadelphia Traction Co., .
109 " Thirteenth & Fift'th Sts. Pass. R'y,
120 " Philadelphia & Reading R.R. Co., .
Securities held as collateral for cash loans :-
14 shares Commonw'th Title Ins. & Trust Co.,
United New Jersey R.R. & Canal Co. bonds, .
22 shares Commonw'th Title Ins. & Trust Co.,
10 " Pennsylvania Fire Insurance Co.,
5 " American Fire Insurance Co., .
3 " Reliance Insurance Co., .
2 " Pennsylvania R.R. Co.,
Philadelphia & Reading R.R. bonds,
100 shares Continental Passenger Railway Co.,
54 " Union National Bank,
13 " Guarantee Trust & Safe Deposit Co.,
70 " Consol. Traction Co. of Pittsburgh,
Par Value.
$10,000 00
15,000 00
15,000 00
39,000 00
10,000 00
4,000 00
13,000 00
10,000 00
2,000 00
20,000 00
11,000 00
10,000 00
5,000 00
5,000 00
11,000 00
5,000 00
10,000 00
10,000 00
14,000 00
10,000 00
10,000 00
5,000 00
5,000 00
5,000 00
6,800 00
2,200 00
6,800 00
8,800 00
5,000 00
5,450 00
6,000 00
Market Value.
111,700 00
16,500 00
7,950 00
46,040 00
10,000 00
4,040 00
13,325 00
12,350 00
2,240 00
23,100 00
12,050 00
10,400 00
5,550 00
5,400 00
11,825 00
3,900 00
10,000 00
10,100 00
15,050 00
10,600 00
10,600 00
5,150 00
5,000 00
5,300 00
12.240 00
2,200 00
13,600 00
9,196 00
7,825 00
28,667 00
1,416 25
$330,050 00 $382,264 25
Market Value. Loaned Thereon.
$5,000 00
!> 5,000 00
$938 00 )
5,500 00 S
1,474 00^
3,550 00 |
750 00
174 00
114 50
860 00 J
14,000 00 9,000 00
4,050 00 1,500 00
2,310 00 1,709 75
2,940 00 2,300 00
$36,690 50 $24,509 75
360
UNION INSURANCE CO.
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*)
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Cash in hands of manager,
Perpetual insurance,
Prem's more than three mos. due, . f 742 38
Gross assets,
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Keclaimable on perpetual fire policies, .
Commissions and brokerage, .
All other items, . .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, .....
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, ....
Net collected, ....
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
31, 1897.
$160,000 00
9,900 00
97 50
382,264 25
24,509 75
4,932 41
18,485 16
200 00
65,980 67
1,000 00
10,772 74
742 50
|12,857 38
27,169 56
160 00
$40,186 94
111 87
),075 07
214,301 73
35,020 33
19,064 94
29 70
102 19
,012 21
185 56
$59,826 65
361,415 05
$421,241 70
66,980 67
$354,261 03
56,548 06
$678,884 98
308,593 96
$370,291 02
200,000 00
$170,291 02
$297,712 97
* Total value of property mortgaged, $16,000 00
Amount of insurance held as collateral, .... 7,000 00
UNITED FIREMEN'S INSURANCE CO.
381
Interest received on mortgages, ...... $495 00
Interest and dividends received from all other sources, . . 19,188 37
Income from rents, 2,209 98
Deposits received for perpetual fire risks, . $925 29
Gross cash income, $319,606 32
Expenditures.
Cash paid for fire losses, t $159,252 08
Deduct salvage and reinsurance, . . . 4,107 50
Net cash paid for fire losses, ....
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, ....
Deposits returned on perpetual fire risks, . $725 84
Gross cash expenditures,
$155,144 58
13,659 44
61,287 50
36,586 60
10,158 07
29,178 67
$306,014 86
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896, . . $38,131,197
Fire risks written during 1897, . . . 33,046,778
Total, . . v $71,177,975
Deduct risks expired and terminated, . . 31,650,499
In force at end of year, . \ . ,
Deduct amount reinsured,
Net amount in force, . , . .$38,562,938
Perpetual risks in force (notincl'd above), . $1,313,828
Premiums.
00 $425,424 83
00 361,415 05
00 $786,839 88
00 358,324 73
.$39,527,476
964,538
00 $428,515 15
00 10,318 90
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, . . . •
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
00 $418,196 25
00 $38,911 48
$24,411,397 00
17,241,399 00
158,127 00
1,906,221 00
12,000 00
44,080 00
"UNITED FIREMEN'S INSURANCE COMPANY OF PHILADELPHIA,"
PHILADELPHIA, PA.
[Incorporated April 2, 1860. Commenced business April 1, 1861.]
Paid-up Capital, $300,000.
ROBERT B. BEATH, President. DENNIS J. SWEENY, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Allegheny Valley R.R. Co. bonds, . . . $20,000 00 $26,200 00
Atlantic City R.R. Co. bonds, . . . 20,000 00 21,600 00
382
UNITED FIREMEN S INSURANCE CO.
Baltimore & Potomac R.R. Co. tunnel bonds,
Chicago & Western Ind. R.R. Co. bonds,
Evansville & Terre Haute R.R. bonds, .
Lehigh Valley R'y Co. bonds, .
Lehigh Coal & Navigation Co. bonds,
McKeesport & Belle Vernon R.R. Co. bonds,
Northern Central R'y bonds, .
Penna. & New York Canal &R R. Co. bonds,
Phila. & Bait. Central R R. Co. certificate,
Philadelphia & Erie R.R. Co. bonds,
Pittsburg, Cincinnati & St. Louis R'y bonds,
Pittsburg & Connellsville R.R. Co. bonds,
Car Trusts of New York, . . . .
Lehigh Valley R'y Co. Car Trust, .
Electric & People's Traction Co. certificate,
Newark (N. J.) Passenger R'y Co. bonds,
People's Passenger R'y Co. certificate, .
Philadelphia Traction Co. bonds,
Second Ave. Traction Co. (Pittsburg) bonds,
The Mortgage Trust Co. of Penn. debenture,
The Real Estate, Title Ins. & Trust Co. deben
City of Woonsocket, Dakota, bonds,
200 shares Continental Pass'r R'y (Phila.),
30 " Frankford & Southwark Pass. R'y
199 " Union Passenger R'y,
154 " Union Traction Co., Philadelphia,
Par Value.
$5,000 00
10,000 00
10,000 00
20,000 00
20,000 00
10,000 00
10,000 00
20,000 00
10,000 00
20,000 00
17,000 00
10,000 00
15,000 00
15,000 00
15,200 00
10,000 00
15,000 00
10,000 00
15,000 00
10,000 00
20,000 00
6,000 00
10,000 00
1,500 00
9,950 00
1,925 00
Market Value.
$6,150 00
12,000 00
7,200 00
20,600 00
20,900 00
13,000 00
11,500 00
18,600 00
10,300 00
26,100 00
18,700 00
10,400 00
14,940 00
15,150 00
11,856 00
11,100 00
15,300 00
10,400 00
16,200 00
7,500 00
20,000 00
6,000 00
27,000 00
11,160 00
44,824 75
1,848 00
Securities held as collateral for cash loans : —
50 shares 13th & 15th Streets Passenger R'y,
20 " Bucks Co., Pa., Trust Co.,
12 " New Hope Delaware Bridge Co.,
10 " Title Guarantee & Trust Co., N.Y.
200 " Philadelphia Traction Co.,
Consolidated Traction Co., N. J., bonds, .
75 shares Real Estate, Title Ins. & Trust Co.
100 " Record Publishing Co., Phila.,
500 " Philadelphia Traction Co.,
$356,575 00 |436,528 75
Market Value. Loaned Thereon.
$13,100 00^
2,000 00
1,200 00
2,700 00
15,400 00 I
5,940 00 J
8,625 00
10,000 00
38,500 00
} $19,000 00
5,000 00
7,500 00
25,000 00
,465 00 $56,500 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $179,950 00
Loans on mortgage of real estate (first liens*), 707,940 38
Interest due or accrued thereon, . . , 13,130 85
* Total value of property mortgaged, $1,495,575 00
Amount of insurance held as collateral, . 522,79100
UNITED FIREMEN S INSURANCE CO.
383
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash in the office of the company, . , .
Cash deposited in bunk,
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Rents due and accrued, ....
Perpetual deposits' and surveys,
All other items, . . . .
Prem's more than three mos. due, . $641 14
Gross assets,
$136,528 75
56,500 00
5,317 23
64,261 07
1,010 26
42,835 50
70 00
485 58
5,271 88
100 00
,513,431 50
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Due and accrued for rent, salaries, etc., .
State and local taxes, ....
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, . . .
),123 05
16,907 36
9,246 34
202,880 72
707,669 86
853 51
1,800 90
9,568 91
6,723 56
1,528 49
967,302 70
$546,128 80
300,000 00
$246,128 80
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, .....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .....
Income from all other sources,
Deposits received for perpetual fire risks,
Gross cash income, ....
$41,373 00
1,577 33
f39,795 67
306,402 34
$346,198 01
43,546 64
$302,651 37
48,206 08
sources,
$37,913 01
$254,445 29
39,862 69
24,387 37
3,727 50
72 66
$322,495 51
384
UNITED STATES FIRE INSURANCE CO.
Expenditures
Cash paid for fire losses, ....
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Deposits returned on perpetual fire risks,
Gross cash expenditures,
$16,385 71
$108,516 48
30,000 00
55,289 51
26,309 63
6,740 13
33,526 16
$260,381 91
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $37,112,626 00 $414,423 44
. 29,972,348 00 306,402 34
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
,084,974 00 $720,825 78
28,197,551 00 309,460 16
87,423 00 $411,365 62
2,212,264 00 24,759 34
.$36,675,159 00 $386,606 28
Perpetual risks in force (not incTd above), .$34,284,488 00 $782,803 12
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, .
14,362,373 00
2,561,729 00
123,958 00
443,506 00
30,000 00
81,900 00
"UNITED STATES FIRE INSURANCE COMPANY,"
NEW YORK, N. Y.
[Incorporated April 1, 1824. Commenced business April 9, 1824]
Paid-up Capital, $250,000.
W. W. UNDERHILL, President. W. H. GRIFFEN", Secretary.
Detailed Statement of Stocks and Bonds.
Par Value.
United States bonds, ...... $ 102,000 00
Rensselaer & Saratoga Railroad stock, . . 25,000 00
New York Central & Hudson River R R. stock, 10,000 00
Consolidated stock, New York bonds, . . 85,000 00
Consolidated stock, New York stock, . . 15,000 00
Market Value.
$121,050 00
45,000 00
10,600 00
91,471 25
15,900 00
1237,000 00 $284,021 25
UNITED STATES FIRE INSURANCE CO.
385
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*), $376,200 00
Interest due or accrued thereon, . .
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets,f . . ...
Deduct special deposits in other States, ,
Balance, ......
2,533 30
284,021 25
2,575 09
3,710,19
3,620*00
64,361 50
$737,021 33
69,750 00
,271 33
Liabilities.
Losses adjusted, unpaid, . ,
claimed and reported, .
disputed or resisted,
Total amount of losses, . . ■- .
Less reinsurance, . ...
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, .
Premiums on risks written or renewed, .
Total, .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$6,698 30
20,322 00
6,543 21
$33,563 51
2,341 00
$31,222 51
240,321 42
2,308 06
13,469 29
11,090 48
261 37
,673 13
8,071 02
$52,727 83
1,246 01
$51,481 82
345,246 31
$396,728 13
60,360 37
$336,367 76
69,502 41
290,602 11
$376,669 22
250,000 00
$126,669 22
$266,865 35
* Value of lands mortgaged $277,000 00
Value of buildings thereon, 413,000 00
Amount of insurance held as collateral, .... 415,000 00
| Including $125,000 special reserve fund held under New York law.
386
UNITED STATES FIRE INSURANCE CO.
Marine premiums outstanding Dec. 31, 1896,
Same not collected, . . .
Net collected, .....
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection,
$2,178 57
05
$2,178 52
36,782 73
,961 25
4,001 13
Entire premiums collected, .... $34,960 12
Less reinsurance and return premiums, . . 3,334 81
Net cash marine premiums received, . . — • $31,625 31
Interest received on mortgages, ...... 21,013 88
Interest and dividends received from all other sources, . . 5,023 56
Income from all other sources, . . . . . . 7,843 75
Gross cash income, $332,371 85
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent,
for incidentals,
$130,162 63
12,006 42
$14,075 21
1,334 59
Gross cash expenditures, ....
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, . • .
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897,
Total, . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$45,676,645 00
33,889,845 00
$79,566,490 00
35,825,778 00
$43,740,712 00
2,877,757 00
$40,862,955 00
$730,551 00
1,407,693 00
$2,138,244 00
956,610 00
1,181,634 00
35,500 00
$118,156 21
12,740 62
. 20,000 00
76,065 42
25,220 07
6,668 00
7,000 00
21,072 84
$286,923 16
Premiums.
$458,854 93
345,246 31
,101 24
362,599 43
$441,501 81
27,175 01
$414,326 80
$23,064 64
36,782 73
,847 37
26,699 16
$33,148 21
900 20
$1,146,134 00 $32,248 01
UNITED STATES LLOYDS.
387
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Marine and inland losses incurred during the year,
Cash dividends declared from organization of company,
Dividends declared during the year (8 per cent.)', .
Company's stock owned by directors, , . .
^6,368,026 00
3,396,638 00
115,871 00
16,581 00
1,866,590 00
20,000 00
58,625 00
UNITED STATES LLOYDS, NEW YORK, N. Y.
[Commenced business December, 1872.]
HICGINS, COX & APPLETON, Attorneys.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Massachusetts State bonds, . $50,000 00 $54,500 00
United States bonds, ..... 28,000 00 30,860 00
New York city stock, 100,000 00 102,000 00
Boston city bonds, 50,000 00 56,500 00
St. Louis city bonds, 50,000 00 52,000 00
West Shore R.R. bonds, 50,000 00 54,000 00
Chicago, Rock Island & Pacific R.R. bonds, . 50,000 00 52,500 00
Havana municipal bonds, 5,000 00 4,700 00
Consolidated stock, city of New York, . . 25,000 00 25,000 00
Atlantic Mutual Insurance Co. scrip, . . , 82,470 00 - 82,470 00
$490,470 00 $514,530 00
Securities held as collateral for cash loans
Home Insurance Co. stock,
Long Island Loan and Trust Co. stock, .
Texas Pacific R.R. bonds,
Y Detroit Citizens' Street Railway bonds, .
Allentown & Lehigh Valley Trac. Co. bonds,
Wabash R.R. bonds, .
Norfolk & Western R.R. bonds,
Pennsylvania R R. Co.' stock, .
N. Y. Central & H. R. R.R. stock,
Illinois Central R.R. stock,
$4,000 00
Market Value. Loaned Thereon.
$7,000 00
2,225 00
9,725 00 ^
18,000 00 I
13,500 00 } 50,000 00
12,075 00 |
11,850 00 J
11,450 00 >>
5,325 00
5,175 00.
16,000 00
,325 00 f 70,000 00
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $514,530 00
Loans on collateral security, as per schedule, . 70,000 00
888
UNITED STATES LLOYDS.
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, . .
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Salvage and reinsurance, . . $ 107,882 31
Prem's more than three mos. due, 10,694 60
Gross assets,
$2,000 00
120,758 05
10,578 34
119,361 35
1,476 55
,704 29
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Cash deposited in trust, ....
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Return premiums, .....
Reinsurance,
Rebate,
Gross liabilities, except capital,
$116,150 00
126,670 03
18,038 99
1,788 97
4,100 00
33,000 00
1,079 56
1,467 85
302,295 40
Surplus, $536,408 89
Income.
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected, .... $ 1,480,839 64
Less reinsurance and return premiums, . . 1,048,616 36
Net cash marine premiums received, . . — - $432,223 28
Interest and dividends received from all sources, . . . 26,429 19
Income from commissions, discount, reinsurance, etc , . , 109,210 50
$199,225 90
1,413,146 24
^1,612,372 14
131,532 50
Gross cash income, $567,862 97
Expenditures.
Cash paid for marine and inland losses, . . $920,300 44
Deduct salvage and reinsurance, . . . 672,803 36
Net cash paid for marine and inland losses, ,
Cash dividends paid, . . . ,
Cash paid for commissions and brokerage,
for salaries of officers and employees, .
for State and local taxes, ....
for profit and loss depreciation in investment,
$247,497 08
50,000 00
48,040 41
52,019 70
1,656 10
418 75
Gross cash expenditures,
$399,632 04
VICTORIA FIRE INSURANCE CO.
389
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Risks and Premiums.
Premiums.
$12,277,909 00 $148,443 29
293,040,426 00 1,413,146 24
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$305,318,335 00 $1,561,589 53
292,598,521 00 1,434,919 50
$12,719,814 00 $126,670 03
8,144,179 00 77,148 70
t,575,635 00 $49,521 33
Miscellaneous.
Marine and inland losses incurred during the year,
Dividends declared during the year (50 per cent.),
,113,295 00
50,000 00
"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK,"
NEW YORK, N. Y.
[Incorporated June 24, 1896. Commenced business July 1, 1896.]
Paid-up Capital, $200,000.
HENRY H. HALL, President. EDW. K. BEDDALL, Secretary.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds,. . . $125,000 00 $157,125 00
City of Chicago river bonds, .
Maine Central R.R bonds,
New York city stock,
Beech Creek R.R. stock, .
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, ..',...
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets, ,
Liabilities.
Unpaid losses, ......
Unearned premiums on outstanding risks,
Due and accrued for rent, salaries, etc., .
20,000 00
21,500 00
15,000 00
15,675 00
50,000 00
53,000 00
11,200 00
12,152 00
$221,200 00
$259,452 00
:. 31, 1897.
. $259,452 00
20,835 63
550 00
18,080 13
$298,917 76
$19,441 98
41,310 46
62 63
390
VICTORIA FIRE INSURANCE CO.
Commissions and brokerage, .
Return premiums and reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Paid-up capital, ....
Surplus over capital, .
$3,309 66
4,662 94
69 64
,857 31
1230,060 45
200,000 00
$30,060 45
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income, .....
$8,071 84
102,861 49
$110,933 33
18,080 13
$92,853 20
14,786 89
$78,066 31
7,701 72
$85,768 03
Expenditures.
Cash paid for fire losses, .....
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, . . ■ .
Gross cash expenditures, ./.'..
$24,357 60
14,347 19
2,245 03
1,143 80
1,951 36
$44,044 98
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, ......
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
Net amount in force, .
$3,229,968 00
10,341,770 00
$13,571,738 00
5,773,444 00
$7,798,294 00
424,300 00
Premiums.
$34,571 50
102,861 49
1137,432 99
56,637 20
,795 79
2,857 30
$7,373,994 00 $77,938 49
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year,
Company's stock owned by directors,
$106,011 00
25,757 00
43,691 00
32,500 00
WESTCHESTER FIKE INSURANCE CO.
391
"WESTCHESTER FIRE INSURANCE COMPANY," NEW YORK, N. Y.
[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.]
Paid-up Capital, $300,000.
GEO. R. CRAWFORD, President. JOHN Q. UNDERBILL, Secretary.
Detailed Statement of Stocks and Bonds.
Albany & Susquehanna R.R. stock, .
New York & Harlem R R. stock,
Rensselaer & Saratoga R.R. stock, .
New York, Lacka. & Western R.R. stock,
Rome, Watertown & Ogdensburg R.R. stock,
Oswego & Syracuse R.R. stock,
Long Island R.R. stock, .
Chicago & Northwestern R.R. stock,
Chicago, Milwaukee & St. Paul R.R. stock,
Lake Shore & Michigan Southern R.R. stock,
Delaware, Lackawanna & Western R.R. stock
Pennsylvania R.R. stock, ....
Delaware & Hudson Canal Co, stock,
Western Union Telegraph Co. stock,
Chicago & Alton R.R. stock, .
Syracuse, Binghamton & N. York R.R. stock,
New York Central & Hudson River R.R. stock
United States consols, ....
Chicago, Burlington & Quincy R.R. bonds,
Erie Railroad bonds, ....
St. Joseph & Grand Island R.R. bonds, .
Atchison, Topeka & Santa Fe R.R. bonds,
Chesapeake & Ohio R.R. bonds,
New York, Ontario & Western R.R. bonds,
Northern Pacific R.R. bonds, ,
Buffalo, Roch. & Pittsburg R.R. bonds, .
Philadelphia & Reading R.R. bonds,
Western Union Telegraph Co. bonds,
Richmond, Va., city bonds,
Missouri, Kansas & Texas R R. bonds, .
Missouri Pacific bonds, ....
Securities held as collateral for cash loans
Central Bank, Westchester Co , stock,
Par Value.
$40,000 00
60,000 00
50,000 00
80,000 00
50,000 00
20,000 00
50,000 00
50,000 00
50,000 00
20,000 00
20,000 00
50,000 00
50,000 00
50,000 00
30,000 00
40,000 00
50,000 00
75,000 00
20,000 00
60,000 00
40,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
20,000 00
16,000 00
20,000 00
20,000 00
Market Value.
|72,000 00
192,000 00
88,000 00
96,000 00
61,000 00
41,000 00
19,000 00
60,500 00
71,000 00
34,000 00
31,000 00
57,000 00
56,000 00
45,500 00
49,000 00
70,000 00
53,500 00
84,500 00
19,500 00
42,000 00
28,000 00
17,900 00
22,500 00
20,500 00
23,000 00
21,000 00
16,800 00
22,000 00
16,000 00
17,000 00
18,800 00
$1,151,000 00 $1,466,000 00
Market Value. Loaned Thereon.
$3,500 00 $2,500 00
392
WESTCHESTER FIRE INSURANCE CO.
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Loans on collateral security, as per schedule,
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross), ,
Prem's more than three mos. due, $10,490 18
Gross assets,
Deduct special deposits in other States, .
Balance, ......
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, .
Premiums on risks written or renewed, .
Total,.
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
$219,000 00
501,030 00
6,867 07
1,466,000 00
2,500 00
83,214 67
142 50
252,608 20
,768 90
71,167 22
9,100 00
$111,036 12
2,286 67
$108,749 45
1,071,544 78
51,240 60
3,719 11
?1,235,253 94
44,885 51
1,531,362 44
100,500 00
),430,86*2~44
1,190,368 43
11,240,494 01
300,000 00
,494 01
$234,892 76
7,362 19
1227,530 57
1,466,726 37
11,694,256 94
252,608 20
51,441,648 74
184,241 72
,257,407 02
* Value of lands mortgaged $374,000 00
Value of buildings thereon, 678,800 00
Amount of insurance held as collateral, 519,100 00
THE WESTERN INSURANCE CO.
393
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
$29,406 01
54,844 90
559 98
Gross cash income, . . $1,342,217 91
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash dividends paid,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
for incidentals, . . .
Gross cash expenditures, ....
.$621,536 11
32,070 97
,465 14
30,000 00
269,275 39
100,(>36 61
31,027 64
113,034 59
.,132,839 37
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$201,487,424 00 $2,191,037 97
131,165,231 00 1,466,726 37
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$332,652,655 00 $3,657,764 34
130,245,028 00 1,465,289 50
$202,407,627 00
7,629,565 00
,192,474 84
75,289 23
$194,778,062 00 $2,117,185 61
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (10 per cent.),
Company's stock owned by directors, ....
$23,659,758 00
12,970,099 00
590,305 00
768,000 00
30,000 00
77,140 00
"THE WESTERN INSURANCE COMPANY OF PITTSBURGH,"
PITTSBURGH, PA.
[Incorporated March 20, 1849. Commenced business May 1, 1849.]
Paid-up Capital, $300,000.
ALEXANDER NIMICK, President. WM. P. HERBERT, Secretary.
Detailed Statement of Stocks and Bonds.
United States bonds, .
Allegheny County bonds, .
Par Value. Market Value.
$30,000 00 $33,825 00
20,000 00 20,000 00
394
THE WESTERN INSURANCE CO.
Pittsburgh Junction R.R. bonds,
Pittsburgh & Western R.R. bonds, .
100 shares Pittsburgh & Western R.R , ,
Pitts., Newcastle & Lake Erie bonds,
Pittsburgh & Allegheny Bridge Co. bonds,
Wilkinsburg Borough bonds, .
Braddock Township school bonds, «
New Brighton school bonds,
German Protestant Evangelical Church bonds
Bellevue Borough bonds, .
Avalon Borough school bonds, .
Monongahela Bridge Co. bonds,
Jack^ Run Bridge Co. bonds, .
East McKeesport school bonds,
Par Value.
$23,000 00
10,000 00
5,000 00
1,500 00
15,000 00
30,000 00
6,000 00
6,000 00
8,500 00
4,500 00
4,000 00
3,100 00
4,000 00
2,500 00
Market Value.
$27,085 00
7,900 00
300 00
1,515 00
15,300 00
31,200 00
6,060 00
6,180 00
8,540 00
4,680 00
4,080 00
3,131 00
4,080 00
2,650 00
$173,100 00 $176,526 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . f 99,276 24
Loans on mortgage of real estate (first liens*), 224,483 34
Interest due or accrued thereon, , , . 3,350 55
Stocks and bonds, as per schedule, . . . 176,526 00
Cash in the office of the company, . . . 1,058 82
Cash deposited in bank, ..... 17,314 76
Interest due and accrued, 314 17
Premiums in course of collection (gross), . 25,933 73
Rents due and accrued, 275 00
Gross assets, . „ . . . .
$548,532 61
Liabilities.
Losses adjusted, unpaid, . . . . . $ 2,518 35
claimed and reported, .... 18,519 35
disputed or resisted, .... 2,925 00
Unearned premiums on outstanding risks, . 140,440 85
Commissions and brokerage, .... 5,688 06
Reinsurance disallowed, . . . . . 458 21
Gross liabilities, except capital, . . — — — — -
170,549 82
Surplus as regards policy holders,
Paid-up capital,
$377,982 79
300,000 00
Surplus over capital,
$77,982 79
* Value of lands mortgaged, . . .
Value of buildings thereon, .
Amount of insurance held as collateral,
$273,250 00
352,450 00
195,950 00
THE WESTERN INSURANCE CO.
395
Income.
Fire premiums outstanding Dec. 31, 1896, . $20,895 81
Premiums on risks written or renewed, . . 214,940 47
Total, $235,836 28
Premiums now in course of collection, . . 25,933 73
Entire premiums collected, .... $209,902 55
Less reinsurance and return premiums, . . 25,983 37
Net cash fire premiums received,
Cash marine premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources,
Income from rents, . .
Gross cash income,. ....
Expenditures.
Cash paid for fire losses, $115,127 00
Deduct salvage and reinsurance, , » . 1,587 44
Net cash paid for fire losses, .
Cash dividends paid, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total, ...
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Marine risks written during 1897, .
Deduct risks expired and terminated,
121,977,535 00
18,746,112 00
,723,647 00
. 16,577,937 00
. $24,145,710 00
509,491 00
.$23,636,219 00
f22,007 00
$22,007 00
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company, .
Fire losses incurred during the year, ....
Cash dividends declared from organization of company,
Dividends declared during the year (6 per cent.), .
Company's stock owned by directors, ....
$183,919 18
191 35
14,480 82
7,882 32
975 00
$207,448 67
$113,539 56
18,000 00
40,997 04
9,900 00
4,893 37
6,748 82
$194,078 79
Premiums,
$260,715 30
214,940 47
$475,655 77
200,410 74
$275,245 03
5,683 43
$269,561 60
$191 35
$191 35
£4,391,874 00
2,515,285 00
118,590 00
953,500 00
18,000 00
58,950 00
396
WILLIAMSBURGH CITY FIRE INSURANCE CO.
" WILLTAMSBURGH CITY FIRE INSURANCE COMPANY,"
BROOKLYN, N. Y.
[Incorporated March, 1853. Commenced business March, 1853.]
Paid-up Capital, $250,000.
MARSHALL S. DRIGGS, President. FRED'K H. WAY, Secretary.
Detailed Statement of Stocks and Bonds.
Richmond, Va., bonds,
Georgia State bonds, ....
Brooklyn Union Gas Co. bonds,
Consolidated Stock, City of Brooklyn bonds,
Long Island Bank, Brooklyn, stock,
First National Bank, Brooklyn, stock,
Brooklyn Union Gas Co. stock,
Edison Electric Illuminating Co. stock, .
King's County Trust Co., Brooklyn, stock,
Brooklyn City R.R. stock,
Brooklyn & New York Ferry Co. stock, .
Union Ferry Co. of Brooklyn stock,
Brooklyn Rapid Transit Co. stock, .
Chicago, Milwaukee & St. Paul R.R. stock,
People's Gas Light & Coke Co. stock,
Western Union Telegraph Co. stock,
Par Value.
|13,500 00
25,000 00
9,000 00
88,000 00
10,000 00
18,000 00
35,000 00
10,000 00
9,000 00
118,000 00
12,500 00
45,000 00
70,000 00
68,000 00
30,000 00
20,000 00
Market Value.
$13,500 00
27,500 00
9,900 00
94,160 00
72,000 00
38,500 00
10,000 00
24,300 00
224,200 00
23,750 00
27,000 00
21,000 00
96,560 00
28,875 00
18,000 00
$581,000 00 f 729,245 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
st liens*).
Loans on mortgage of real estate (fir
Interest due or accrued thereon,
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (g
Rents due and accrued,
Reinsurance, . .
Prem's more than three mos. due,
Gross assets.f •
Deduct special deposits in other States, ..
ross) ,
,974 98
Balance, . . . . . . . . .$1,756,557 16
$629,000 00
250,900 00
1,115 93
729,245 00
3,388 72
81,684 40
4,758 85
92,054 83
5,349 49
59 94
,797,557 16
41,000 00
* Value of lands mortgaged, $208,250 00
Value of buildings thereon, 210,000 00
Amount of insurance held as collateral, .... 212,800 00
t Including $280,000 special deposit held under New York law.
WILLIAMSBURGH CITY FIRE INSURANCE CO.
397
Liabilities.
Losses adjusted, unpaid, .
$14,225
47
claimed and reported, .
40,989
31
disputed or resisted, . .
4,217
77
Total amount of losses, ,
$59,432 55
Less reinsurance, . . " .
953
95
Net amount of unpaid losses, .
|58,478
60
Unearned premiums on outstanding risks,
532,531
17
Dividends to stockholders unpaid, .
15
00
Due and accrued for rent, salaries, etc., .
283
33
State and local taxes,
5,078
39
Commissions and brokerage, .
15,013
92
Reinsurance, . . . .
1,008 89
Reinsurance disallowed, . ,
12,940
96
Gross liabilities, except capital,
$625,350
26
Deduct liability on special deposits,
20,249
00
$605,101 26
Surplus as regards policy holders, .
11,151,455 90
250,000 00
$901,455 90
Income.
Fire premiums outstanding Dec. 31, 1896,
$89,116
87
-
Same not collected,
7,129
35
Net collected, .....
$81,987 52
Premiums on risks written or renewed, .
695,383 82
. $777,371
34
Premiums now in course of collection, .
94,029
81
Entire premiums collected,
. $683,341
53
Less reinsurance and return premiums, .
89,491
48
Net cash fire premiums received,
Interest received on mortgages,
$593,850 05
14,200 71
. . .
Interest and dividends received from all othei
■ sources, .
•
28,466 11
28,775 44
$665,292 31
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
$244,022 41
11,764 45
$232,257 96
398
WILLIAMSBURGH CITY FIRE INSURANCE CO.
Cash dividends paid, . . . . .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
for expenses on real estate,
Gross cash expenditures, ....
),415 00
145,240 55
65,802 96
10,207 20
44,870 85
18,290 57
$567,085 09
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. .....
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
1126,512,496 00
78,340,123 00
$204,852,619 00
75,103,100 00
$129,749,519 00
5,183,286 00
Premiums.
11,055,943 07
695,383 82
(1,751,326 89
668,009 34
51,083,317 55
43,349 33
$124,566,233 00 $1,039,968 22
Miscellaneous.
Premiums received from organization of company,
Losses paid from organization of company,
Fire losses incurred during the year, .
Cash dividends declared from organization of company,
Dividends declared during the year (20 per cent.),
Company's stock owned by directors, ....
$16,073,217 00
. 8,248,218 00
255,660 00
. 1,552,500 00
50,000 00
44,950 00
AGGREGATE.
Capital Stock.
Capital actually paid up in cash, .....
$54,475,732
Scrip outstanding, .........
7,211,920
Assets.
Gross present assets,
$207,578,481
Liabilities.
Gross present liabilities,
$88,566,897
Income.
Cash actually received for fire premiums, .-..'..'.
$77,955,973
for marine and inland premiums, ....
6,150,230
for interest and dividends from all sources,
7,619,420
from all other sources, . . . . .
891,025
Gross cash income, .......
192,616,648
Expenditures.
Cash actually paid during the year for fire losses,
$38,469,819
for marine and inland losses, .....
4,194,035
for dividends to stockholders, .....
5,738,995
for redemption of scrip, ......
1,375,750
for interest to scrip holders, .....
448,982
for brokerage and commission on premiums, .
15,835,353
for salaries and pay of officers and employees, .
6,932,776
for State and local taxes, . . .
2,183,118
for office, agency and incidental expenses,
6,652,455
Gross cash expenditures, . . .
$81,831,283
Miscellaneous.
Whole amount of fire risks written during the year, .
19,667,917,846
premiums charged or receivable thereon,
99,918,723
marine and inland risks written during the year, .
1,549,486,888
premiums charged or receivable thereon,
8,801,828
fire risks terminated during the year,
9,021,629,931
marine and inland risks terminated,
1,540,913,218
fire risks outstanding at end of year,
12,536,085,903
marine and inland risks outstanding,
185,275,837
cash dividends declared during the year,
5,671,681
fire losses incurred during the year,
38,938,224
marine losses incurred during the year, .
5,543,644
UNITED STATES BRANCHES OF
FOREIGN FIRE AND MARINE
INSURANCE COMPANIES
Detailed Statement of Assets and Liabilities, with Abstract
of Annual Statements for the Year ending
December 31, 1897.
402
AACHEN AND MUNICH FIRE INSURANCE CO.
DETAILED STATEMENTS OF ASSETS AND LIABILITIES.
UNITED STATES BRANCH OF THE " AACHEN AND MUNICH FIRE
INSURANCE COMPANY," AIX-LA-CHAPELLE, GERMANY.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, New York City.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . . . . . $275,000 00 $352,000 00
City of New York bonds, ..... 275,000 00 275,000 00
$550,000 00 $627,000 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Gross assets, .....
31, 1897.
$627,000 00
604 93
145,429 67
1,375 00
61,049 27
$835,458 87
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Balance,
$64,000 00
5,941 60
69,941 60
$765,517 27
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses, .
Less reinsurance, . . .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
$5,606 93
20,654 37
4,686 74
,948 04
730 00
$30,218 04
236,682 91
11,175 05
AACHEN AND MUNICH FIRE INSURANCE CO.
403
Return premiums, ....
Reinsurance, .....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital, .
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected,
Net collected, . . . . «
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected, ....
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income, . . . .
Expenditures.
Cash paid for fire losses,
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent, ....
for miscellaneous, .
Remitted to home office, .
Gross cash expenditures, .
Risks and Premiums.
$450 77
403 51
$278,930 28
8,221 00
|40,905 56
2,690 55
$38,215 01
529,717 45
$567,932 46
38,485 50
$529,446 96
103,959 70
$118,876 45
8,124 75
$13,358 08
Fire risks outstanding Dec 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured,
. $15,545,792 00
. 41,914,462 00
. $57,460,254 00
. 20,651,891 00
.$36,808,363 00
. 1,512,964 00
$270,709 28
$494,807 99
200,000 00
$294,807 99
$425,487 26
20,103 61
$445,590 87
751 70
86,213 53
58,750 12
3,519 61
2,858 00
35,792 15
$297,885 11
Premiums.
$186,070 05
529,717 45
$715,787 50
246,566 50
$469,221 00
21,411 82
Net amount in force, .
Miscellaneous.
Fire losses incurred during the year,
. $35,295,399 00 $447,809 18
$125,242 00
404
THE ALLIANCE ASSUKANCE CO.
UNITED STATES BRANCH OF "THE ALLIANCE ASSURANCE
COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
United States bonds,
Consolidated stock of city of New York,
Par Value.
$240,000 00
300,000 00
Market Value.
$269,400 00
321,000 00
$540,000 00 $590,400 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash deposited in bank, .
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, ....
Gross assets,
$152,174 26
590,400 00
63,101 99
1,750 00
30,774 02
100 00
,300 27
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
,395 26
45,897 45
104,292 71
Balance,
. $734,007 56
Liabilities.
Losses adjusted, unpaid, ....
Losses claimed and reported, .
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, .....
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Paid-up capital,
$7,873 98
1,687 06
91,426 82
5,604 79
2,156 01
79 29
,827 95
4,753 54
104,074 41
$629,933 15
200,000 00
Surplus over capital, . $429,933 15
THE ALLIANCE ASSURANCE .CO.
405
Income.
Fire premiums outstanding Dec. 31, 1896
Premiums on risks written or renewed,
Total, ......
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, .
Miscellaneous, ....
Received from home office,
Gross cash income,
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for rent, ....
for miscellaneous, .
Remitted to home office, .
Reconstruction of office, San Francisco,
Gross cash expenditures,
|12,882 94
209,192 45
|222,075 39
31,090 07
$190,985 32
31,978 48
sources,
$325,429 11
,244 58
2,976 31
$221,920 42
38,180 50
$159,006 84
1,261 65
8,692 23
1,552 65
113 00
$170,626 37
,268 27
38,951 69
12,559 45
3,349 96
912 55
16,899 36
$115,941 28
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
,456,985 00 $171,737 57
16,196,702 00 209,192 45
Total, .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
,653,687 00 $380,930 02
12,168,302 00 163,356 88
$18,485,385 00 $217,573 14
1,388,553 00 15,938 14
$17,096,832 00 $201,635 00
Miscellaneous.
Fire losses incurred during the year,
$52,389 00
406 " ATLAS ASSURANCE CO.
UNITED STATES BRANCH OF THE "ATLAS ASSURANCE
COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
J. M. NEUBUROER, United States Manager.
Office, Chicago, III.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value,
United States bonds, . $300,000 00 $337,500 00
Boston city bonds, ...... 180,000 00 202,500 00
Fitchburg Railroad bonds,
Pennsylvania Railroad bonds, .
N. Y. Central & Hudson River Railroad bonds,
Boston & Maine Railroad bonds,
New York & Putnam Railroad bonds,
Louisville, Ky., city bonds,
St. Louis, Mo., city bonds,
Massachusetts State highway loan, .
20,000 00 20,200 00
25,000 00 29,250 00
25,000 00 25,812 50
25,000 00 30,000 00
25,000 00 25,750 00
50,000 00 52,750 00
15,000 00 16,200 00
100,000 00 108,250 00
$765,000 00 $848,212 50
Summary of Assets Dec. 81, 1897.
Stocks and bonds, as per schedule, . , . $848,212 50
Cash in the office of the company, . . „ 257 88
Cash deposited in bank, ..... 82,449 42
Interest due and accrued, ..... 8,447 50
Premiums in course of collection (gross), . 88,988 13
Gross assets, . . . . . . — $1,028,355 43
Unadmitted.
Deduct special deposits in other States, . . $112,500 00
Cash not in control of trustees, . . . 82,707 30
_____ 195,207 30
Balance, ...,.....: $833,148 13
Liabilities.
Losses adjusted, unpaid, ..... $ 3,466 11
claimed and reported, . 29,534 16
disputed or resisted, .... 2,984 66
Total amount of losses, . $ 35,984 93
Less reinsurance, ....... 120 00
Net amount of unpaid losses, . $35,864 93
ATLAS ASSURANCE CO.
407
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Due and accrued for rent, salaries, etc., .
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits, .
Surplus as regards policy holders, ,
Deposit capital, .....
$404,758 03
1,068 69
5,621 58
16,325 60
2,910 41
$466,549 24
20,870 40
Surplus over capital, .
- $445,678 84
. $387,469 29
200,000 00
. $187,469 29
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .
Net collected, .....
Premiums on risks written or renewed, .
Total, . . . ...
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources
Deposits received for perpetual fire risks,
Received from home office,
Gross cash income, .-."".*'.
$88,165 60
71 42
$88,094 18
707,669 34
. $795,763 52
88,988 13
. $706,775 39
135,972 89
3es, .
$1,068 69
143,430 39
$570,802 50
30,699 42
• \ •
$601,501 92
Expenditures.
Cash paid for fire losses, ..... $306,325 68
Deduct salvage and reinsurance, . . , 11,966 34
Net cash paid for fire losses, .... — — ■ — — $294,359 34
Cash paid for commissions and brokerage, « 108,815 97
for salaries of officers and employees, . . . 41,259 35
for State and local taxes, ..... 14,678 48
for miscellaneous, ....... 50,414 60
Remitted to home office, ..... $239,980 00
Gross cash expenditures,
$509,527 74
408 BALOISE FIRE INSURANCE CO.
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . $73,636,781 00 f 862,487 45
Fire risks written during 1897, . . 63,900,042 00 707,669 34
Total, $137,536,823 00 $1,570,156 79
Deduct risks expired and terminated, . 61,761,834 00 704,119 50
In force at end of year, .... $75,774,989 00 $866,037 29
Deduct amount reinsured, . . . 3,848,491 00 43,605 52
Net amount in force, .... $71,926,498 00 $822,431 77
Perpetual risks in force (not incl'd above), $ 32,456 00 $1,068 69
Miscellaneous.
Fire losses incurred during the year, $305,271 00
UNITED STATES BRANCH OF THE « BALOISE FIRE INSURANCE
COMPANY," BASLE, SWITZERLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, New York City.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
:United States bonds, ..... $200,000 00 $256,000 00
•Consolidated stock of city of New York, . 300,000 00 321,000 00
$500,000 00 $577,000 00
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $577,000 00
Cash in the office of the company, . . . 580 31
Cash deposited in bank, . , . . . . 84,007 13
Interest due and accrued, ..... 1,750 00
Premiums in course of collection (gross), . 61,459 98
<Preim ? s more than three mos. due, . $501 20
Gross assets, . . . . . . — — — $724,797 42
Unadmitted.
Cash not in control of trustees, ...... 15,020 33
Balance, $709,777 09
Liabilities.
Losses adjusted, unpaid, . ... . $4 00
Losses claimed and reported, ...» 2,964 41
Unearned premiums on outstanding risks, . 86,392 36
BALOISE FIRE INSURANCE CO. 409
Commissions and brokerage, . $16,307 73
Return premiums, ...... 10,150 13
Reinsurance, 1,474 29
Gross liabilities, except capital, . . $117,292 92
Surplus as regards policy holders, ...... $592,484 17
Deposit capital, ......... . 200,000 00
Surplus over capital, - . . . $392,484 17
Income.
Fire premiums outstanding Dec. 31, 1896, . $739 65
Premiums on risks written or renewed, . . 206,703 66
Total, . . . . . . . . $207,443 31
Premiums now in course of collection, . , 61,961 18
Entire premiums collected, .... $145,482 13
Less reinsurance and return premiums, . . 27,484 88
Net cash fire premiums received, . . . $117,997 25
Interest and dividends received from all sources, . . . 7,880 05
Received from home office, .... $576,374 45
Gross cash income, . , . . . . . . $125,877 30
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for State and local taxes,
for miscellaneous, ,
Remitted to home office, ....
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
Miscellaneous
Fire losses incurred during the year,
$4,392 82
13 23
$4,379 59
.
38,132 15
a ■
63 46
•
1,235 61
$2,768 33
• • •
$43,810 81
s.
Premiums.
$856,343 00
$8,171 36
18,831,487 00
206,703 66
$19,687,830 00 $214,875 02
5,319,244 00 51,565 34
$14,368,586 00 $163,309 68
190,050 00 2,022 13
$14,178,536 00 $161,287 55
$7,249 00
410
BRITISH AMERICA ASSURANCE CO,
UNITED STATES BRANCH OF THE » BRITISH AMERICA ASSUR-
ANCE COMPANY," TORONTO, CANADA.
Deposit Capital, $200,000.
FREDERICK B. CARPENTER, Attorney.
Office, 92 Water Street, Bosto?i<
Detailed Statement of Stocks and Bonds.
United States bonds,
Georgia State bonds,
City of Richmond, Ya , bonds,.
City of Toledo, Ohio, bonds, .
City of Columbus, Ohio, bonds,
City of London, Canada, bonds,
City of Toronto, Canada, bonds.
City of Kingston, Canada, bonds,
City of Winnipeg, Canada, bonds,
City of Brooklyn, N. Y., bonds,
City of Riverside, Cal., bonds, .
City of Colorado Springs, Col., bonds,
New York & West Shore R.R bonds,
Central Canada L. & S. Co.'s debentures,
Dominion of Canada bonds,
Toronto Electric Light Co. bonds,
Chicago Electric Transit Company's bonds,
Rochester Electric Railway Company's bonds
Freehold Loan and Savings stock, .
Par Value.
1275,000 00
25,000 00
26,300 00
60,000 00
50,000 00
150,000 00
40,000 00
20,000 00
20,000 00
30,000 00
25,000 00
25,000 00
50,000 00
25,000 00
12,000 00
20,000 00
25,000 00
25,000 00
12,000 00
Market Value,
$310,062 50
29,250 00
26,300 00
63,670 00
53,475 00
160,333 50
40,804 00
23,020 00
22,704 00
32,400 00
27,180 00
26,325 00
55,375 00
25,000 00
12,654 00
20,750 00
27,437 50
27,062 50
12,000 00
|915,300 00 $995,803 00
Summary of Assets Dec. 31, 1897.
. $995,803 00
41,652 69
14,627 59
Stocks and bonds, as per schedule, .
Cash deposited in bank,
Interest due and accrued, '. .
Premiums in course of collection (gross), . 204,108 14
Notes taken for fire risks, . . . . . 12,123 91
Gross assets, ...... ■ - — — —
Unadmitted.
Deduct special deposits in other States* . . $274,525 00
Cash not in control of trustees, . . . 41,652 69
,268,315 83
316,177
Balance,
$952,137 64
BRITISH AMERICA ASSURANCE CO.
411
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Return premiums, , . ■ . »
Reinsurance,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, . .
Income
Fire premiums outstanding Dec. 31, 1896
Premiums on risks written or renewed,
Total, ....,„
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all sources,
Gross cash income,
$13,278 66
94,274 64
10,739 45
615,091 30
41,702 32
27,041 97
1,394 13
$803,522 47
90,391 02
_ _ $713,131 45
$179,012 38
1,154,275 47
fl,333,287 85
197,039 85
$1,136,248 00
253,869 63
$19,782 04
205,590 35
$225,372 39
19,192 20
$206,180 19
47,488 54
$239,006 19
200,000 00
,006 19
$882,378 37
158,691 65
34,561 41
.,075,631 43
EXPENDITUfiES.
Cash paid for fire losses, . . . $500,679 22
Deduct salvage and reinsurance, . . . 13,774 85
Net cash paid for fire losses, .... - — — $486,904 37
Cash paid for marine and inland losses, . . $138,306 98
Deduct salvage and reinsurance, . . . 22,623 97
Net cash paid for marine and inland losses, . — — — 115,683 01
412 BRITISH AND FOREIGN MARINE INSURANCE CO.
Cash paid for commissions and brokerage, . . . . $194,284 06
for salaries of officers and employees, . . . 41,193 66
for State and local taxes, ..... 29,732 13
for miscellaneous, . . . . . . ,~ 72,390 21
Remitted to home office, ..... f 96,457 81
Gross cash expenditures, f 940,187 44
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . . 186,550,906 00 $1,151,247 91
Fire risks written during 1897, . . . 95,100,144 00 1,154,275 47
Total, $181,651,050 00 $2,305,523 38
Deduct risks expired and terminated, . . 82,046,685 00 1,122,149 67
In force at end of year, .... . $99,604,365 00 $1,183,373 71
Deduct amount reinsured, .... 5,261,220 00 55,422 67
Net amount in force, $94,343,145 00 $1,127,951 04
Marine risks outstanding Dec. 31, 1896, . . $2,473,279 00 $33,246 93
Marine risks written during 1897, . . . 24,097,786 00 205,590 35
Total, - .$26,571,065 00 $238,837 28
Deduct risks expired and terminated, . . 24,460,012 00 196,954 94
In force at end of year, $2,111,053 00 $41,882 34
Miscellaneous.
Fire losses incurred during the year, $491,420 00
Marine and inland losses incurred during the year, . . 120,320 00
UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL,
ENGLAND.
Deposit Capital, $300,000.
FRANK G-AIR MACOMBER, Attorney.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
Boston & Lowell R.R. bonds, . . . . $100,000 00 $102,000 00
Fitchburg R.R. bonds, 30,000 00 30,300 00
Boston, Clinton, Fitch. & N. Bedford R.R. b'ds, 2,000 00 2,260 00
BRITISH AND FOREIGN MARINE INSURANCE CO.
413
New England R.R. bonds,
Massachusetts State bonds,
Boston & Maine R.R. bonds,
Old Colony R.R. bonds, .
Eastern R.R. bonds, .
Brooklyn city bonds,
New York city water stock,
United States bonds, .
City of Portland water bonds,
Allegheny Valley R.R. bonds,
Pennsylvania R.R. bonds, .
Chicago, Mil. & St. Paul R.R. bonds,
Richmond city bonds,
Lehigh Valley R.R. bonds,
N. Y. Cent. & Hudson River R.R. bonds,
Pittsburgh, F't Wayne & Chicago R.R. stock,
Cleveland & Pittsburgh R.R. stock, .
Par Value.
$50,000 00
12,000 00
1,000 00
87,000 00
22,839 80
42,000 00
58,000 00
235,000 00
9,000 00
100,000 00
68,100 00
75,000 00
50,000 00
35,000 00
50,000 00
50,000 00
25,000 00
Market Value.
$63,250 00
13,200 00
1,200 00
92,980 00
27,120 96
42,000 00
58,000 00
263,391 67
10,327 50
127,250 00
75,246 75
84,750 00
47,500 00
34,212 50
51,333 33
83,375 00
41,854 17
$1,101,939 80 $1,251,551 88
Summary op Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens), . $41,000 00
Interest due or accrued thereon, . . . 972 50
Stocks and bonds, as per schedule, . . . 1,251.551 88
Cash deposited in bank, ..... 35,362 48
Interest due and accrued, ..... 15,396 88
Premiums in course of collection (gross), . 374,215 61
Due from other companies, . . . . 72,304 99
Prem's more than three mos. due, $38,663 55
Gross assets, - —
.,790,804 34
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Due from other companies,
$192,300 00
35,362 48
72,304 99
299,967 47
Balance, $1,490,836 87
Liabilities.
Losses claimed and reported, .
Losses disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Due and accrued for rent, salaries, etc
State and local taxes, . .
Commissions and brokerage, .
$352,550 05
24,045 00
$376,595 05
120,500 88
$256,094 17
497,596 21
42 60
4,645 48
34,555 76
414
BRITISH AND FOREIGN MARINE INSURANCE CO.
Reinsurance, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, . . .
Surplus over capital, .
Income.
Marine premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, .....
Premiums on risks written or renewed, .
Total, . . . j. ' .
Premiums now in course of collection,
$79,209 46
120,500 88
r ,644 56
14,916 63
$435,241 12
15,429 39
$419,811 73
2,693,548 59
^3,113,360 32
412,879 16
Entire premiums collected, .... $2,700,481 16
Less reinsurance and return premiums, . . 961,075 74
Net cash marine premiums received, „ .
Interest and dividends received from all sources, .
Received from home office, . $474,837 07
Gross cash income, .....
Expenditures.
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes, .
Remitted to home office, .....
Gross cash expenditures, ....
Risks and Premiums.
.,755,356 66
834,057 16
,019 53
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, ,
Total,. ...
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
$45,296,249 00
965,815,879 00
.,011,112,128 00
966,189,711 00
$44,922,417 00
11,790,645 00
$977,727 93
$513,108 94
300,000 00
$213,108 94
.,739,405 42
54,537 88
,793,943 30
$921,299 50
230,234 07
130,323 10
36,098 06
.1,317,954 73
Premiums.
$156,668 79
2,693,548 59
^3,150,217 38
2,652,621 17
$497,596 21
164,538 10
Net amount in force, .
Miscellaneous.
Marine and inland losses incurred during the year,
$33,131,772 00 $333,058 11
$955,846 00
CALEDONIAN INSURANCE CO.
415
UNITED STATES BRANCH OF THE "CALEDONIAN INSURANCE
COMPANY," EDINBURGH, SCOTLAND.
Deposit Capital, $200,000.
ARLES H. POST, ) __
A. McNEIL, J Mana 9 e rs.
Office, New York, N. Y,
Detailed Statement of Stocks and Bonds.
United States bonds, .
New York city bonds,
Central R.R. of New Jersey bonds, .
Baltimore & Ohio R.R. bonds, . .
Penn. & New York Canal & Railroad bonds, .
New York, Chicago & St. Louis R R. bonds, .
Lehigh Valley R R. bonds, .
Chicago, Burlington & Quincy R.R. bonds,
Allentown Terminal R.R. bonds,
Richmond & Petersburg R.R bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds,
Lake Erie & Western Railroad bonds,
Chicago, Milwaukee & St. Paul R.R. bonds,
Phila., Wilmington & Baltimore R.R. bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds
Long Island R R. Co. bonds, .
Chicago, Rock Island & Pacific R.R. bonds,
Portland, Oregon, water loan bonds,
State of Georgia bonds, ,
Lehigh Valley Coal Company bonds,
City of Richmond, Va., bonds, .
Jersey City bonds, ....
Fremont, Elkhorn & Missouri Valley R.R. b'ds
Albany & Susquehanna R.R bonds,
Chicago, Milwaukee & St. Paul R.R. stock,
N. Y. Central & Hudson River R.R. stock,
Pennsylvania R.R. stock, ....
Lake Shore & Michigan Southern R.R. stock,
Par Value.
$300,000 00
325,000 00
110,000 00
100,000 00
100,000 00
60,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
25,000 00
25,000 00
25,000 00
34,000 00
15,000 00
15,000 00
20,000 00
20,000 00
25,000 00
20,000 00
Market Value.
$337,500 00
333,906 25
122,650 00
83,000 00
91,000 00
63,750 00
58,000 00
49,162 00
50,500 00
50,500 00
46,750 00
58,750 00
60,375 00
53,000 00
54,000 00
42,250 00
53,750 00
57,375 00
25,000 00
24,500 00
25,000 00
39,840 00
20,100 00
18,300 00
28,500 00
21,250 00
28,625 00
34,200 00
$1,819,000 00 $1,931,533 25
Summary of Assets Dec
Stocks and bonds, as per schedule,
Cash in the office of the company,
Cash deposited in bank, .
Interest due and accrued, .
31, 1897.
$1,931,533 25
1,979 53
92,587 45
23,734 13
416
CALEDONIAN INSURANCE CO.
Premiums in course of collection (gross),
Notes taken for fire risks, ....
Due from other companies, ....
Prem's more than three mos. due, . $5,637 23
Gross assets, .......
$161,500 94
404 05
r- 538 88
5,212,278 23
Unadmitted.
Special deposits in other States,
Due from unauthorized companies, .
Due for bills receivable, ....
Cash not in control of trustees,
Balance, ......
$219,875 00
415 57
404 05
71,319 50
292,014 12
. $1,920,264 11
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Reinsurance, ....
Contingent and miscellaneous,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, ;
Surplus over capital, .
risks
$109,732 35
54,243 00
18,256 66
$182,232 01
7,167 01
$175,065 00
945,678 46
29,495 83
17,323 22
12,402 37
2,390 23
51,182,355 11
90,689 98
1,091,665 13
$828,598 98
200,000 00
$628,598 98
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total, . .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Gross cash income, , ,
$165,751 82
1,688,873 41
11,854,625 23
167,138 17
,687,487 06
356,456 81
.,331,030 25
71,502 52
L,402,532 77
COMMERCIAL UNION ASSURANCE CO. ( LIMITED) . 417
Expenditures.
Cash paid for fire losses, .
Deduct salvage and reinsurance,
Net cash paid for fire losses,
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Remittances to home office,
Gross cash expenditures,
,757 31
46,734 87
$122,100 83
$699,022 44
270,742 54
87,614 35
37,911 83
70,009 48
$1,165,300 64
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$190,682,369 00 $2,124,809 85
150,689,290 00 1,688,873 41
Total, ......
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured, . .
Net amount in force, .
$341,371,659 00 $3,813,683 26
157,693,679 00 1,771,936 94
$183,677,980 00 $2,041,746 32
12,427,658 00 139,079 45
$171,250,322 00 $1,902,666 87
Miscellaneous.
Fire losses incurred during the year,
. $707,089 00
UNITED STATES BRANCH OF THE "COMMERCIAL UNION
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
CHARLES SEWALL, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $425,000 00 $478,125 00
Akron & Chicago Junction R.R. bonds, . . 30,000 00 24,000 00
Central of New Jersey R.R. bonds, . . . 50,000 00 55,000 00
Chicago, Burlington & Quincy R.R bonds, . 100,000 00 103,750 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 150,000 00 182,375 00
Chicago & Northwestern R.R. bonds, . . 122,000 00 151,920 00
Chicago, Rock Island & Pacific R.R. bonds, . 60,000 00 80,400 00
Cleve., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 45,000 00
Indianapolis & Vincennes R.R. bonds, . . 65,000 00 79,300 00
Lehigh Valley of New York R.R. bonds, . 50,000 00 50,500 00
Lehigh Valley Terminal R.R. bonds, . . 50,000 00 55,750 00
418 COMMERCIAL UNION ASSURANCE CO. ( LIMITED) .
Par Value.
Market Value.
Michigan Central R R. bonds, .
f 40,000 00
42,400 00
Milwaukee, Lake Shore & Western R.R. bonds
25,000 00
34,000 00
N. Y. Central & Hudson River R.R. bonds,
30,000 00
34,800 00
New York, Lackawanna & Western R.R. b'ds
50,000 00
68,500 00
Pitts., Fort Wayne & Chicago R.R. stock,
15,000 00
25,275 00
Western Pennsylvania R.R. bonds,. .
50,000 00
51,500 00
West Shore Guaranteed R.R. bonds,
50,000 00
54,750 00
New York city bonds, ....
200,000 00
215,000 00
$1,612,000 00 $1,832,345 00
Summary of Assets Dec
. 31, 1897.
Cash value of unencumbered real estate,
$888,148 69
Loans on mortgage of real estate (first liens*)
24,000 00
Interest due or accrued thereon,
180 00
Stocks and bonds, as per schedule, .
1,832,345 00
Cash in the office of the company, .
466 62
Cash deposited in bank, ....
499,097 59
Interest due and accrued, ....
23,949 97
Premiums in course of collection (gross),
398,296 58
Notes taken for marine and inland risks, .
1,375 00
Rents due and accrued, ....
5,964 53
Due from other companies,
5,612 72
Prem's more than three mos due, . $2,935 4£
>
Gross assets,
$3,679,436 70
Unadmitted.
Special deposits in other States,
$253,125 00
Cash not in control of trustees,
66,624 50
Bills receivable, .....
1,375 00
Due from unauthorized companies, .
1,822 61
322,947 11
$3,356,489 59
Liabilities.
Losses adjusted, unpaid, .
$84,406 32
claimed and reported, . . .
101,597 00
disputed or resisted, .
19,275 00
Total amount of losses, .
$205,278 32
Less reinsurance, . . .
5,494 00
Net amount of unpaid losses, .
$199,784 32
Unearned premiums on outstanding risks,
1,829,483 02
Reclaimable on perpetual fire policies, .
87,740 37
Commissions and brokerage, .
51,139 57
* Value of lands mortgaged, *
. $15,000 00
Value of buildings thereon, .
22,000 00
COMMERCIAL UNION ASSURANCE CO. (LIMITED) . 419
Return premiums, . . . .
Reinsurance,
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, .
Surplus over capital,
$15,093 76
9,583 30
1,190 44
,194,014 78
184,952 28
5,009,062 50
,347,427 09
200,000 00
.,147,427 09
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,. . . ' .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Marine premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
$360,218 23
2,863,183 5Q
Total, .......
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash marine premiums received,
Interest and dividends received from all sources, .
Income from rents,
Deposits received for perpetual fire risks, . $10,589 40
$3,223,401 79
397,732 06
$2,825,669 73
562,535 18
$1,271 29
57,074 02
$58,345 31
3,500 00
$54,845 31
22,623 08
$2,263,134 55
32,222 23
72,089 22
32,726 65
Gross cash income, $2,400,172 65
Expenditures.
Cash paid for fire losses, $
Deduct salvage and reinsurance,
Net cash paid for fire losses, ....
Cash paid for marine and inland losses, .
Deduct salvage and reinsurance,
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, ....
,141,265 11
26,195 79
$97,849 81
33,439 04
.,115,069 32
64,410 77
426,941 47
147,770 05
64,734 50
133,433 07
$1,952,359 18
420
HAMBURG-BREMEN FIRE INSURANCE CO.
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Premiums.
$368,841,876 00 $3,852,437 89
283,102,380 00 2,863,183 56
Total,
Deduct risks expired and terminated,
$651,944,256 00 $6,715,621 45
280,796,818 00 2,971,914 46
In force at end of year, .
Deduct amount reinsured,
$371,147,438 00 $3,743,706 99
14,131,718 00 115,471 00
Net amount in force,
Perpetual risks in force (not incl'd above)
Marine risks outstanding Dec. 31, 1896, ,
Marine risks written during 1897, .
$357,015,720 00 $3,628,235 99
$4,669,933 00 $97,489 30
. $475,300 00 $14,420 86
. 31,177,653 00 57,074 20
Total,
Deduct risks expired and terminated,
.$31,652,953 00
. 31,179,107 00
$71,495 06
69,024 26
In force at end of year,
Deduct amount reinsured,
. $473,846 00
385,246 00
$2,470 80
1,882 38
Net amount in force, .
MlSCELLAN
Fire losses incurred during the year,
Marine and inland losses incurred durinc
$88,600 00
EOUS.
£ the year,
$588 42
$1,113,718 00
42,411 00
UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE
INSURANCE COMPANY," HAMBURG, GERMANY.
Deposit Capital, $200,000.
F. O. AFFELD, Resident Manager.
Office, New York, N. Y.\
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $100,000 00 $112,250 00
Georgia State bonds, ..... 25,000 00 28,500 00
New York city water stock, .... 130,000 00 129,675 00
New York city schoolhouse bonds, . . . . 100,000 00 99,500 00
Portland, Ore., city bonds, .... 50,000 00 56,750 00
Providence, R. L, city bonds, ... . 25,000 00 28,625 00
Richmond, Va., city bonds, .... 15,000 00 16,950 00
St. Louis, Mo., city bonds, .... 25,000 00 25,250 00
Edison Electric Illuminating Co. of N.Y.b'ds, 20,000 00 22,400 00
Atchison, Topeka & Santa Fe R R. bonds, . 30,000 00 26,850 00
Beech Creek R.R. bonds, 20,000 00 21,500 00
Central of Georgia R.R. bonds, . . . 30,000 00 35,250 00
Central R.R. of New Jersey bonds,. . . 30,000 00 33,750 00
HAMBURG-BREMEN FIRE INSURANCE CO.
421
Central Ohio R.R. bonds, ....
Central Pacific R.R. bonds,
Chicago, Milwaukee & St. Paul bonds, .
Chicago & Noiih Western R.R. bonds, .
Cin., Indian., St. Louis & Chicago R.R bonds
Denver & Rio Grande R.R. bonds, .
East Tennessee, Virginia & Georgia R.R. bonds
Illinois Central R R. bonds,
Kansas Pacific R.R. bonds,
Lake Erie & Western R.R. bonds,
Long Island R R. bonds, .
Louisville & Nashville R R. bonds,
Milwaukee, Lake Shore & West R R. bonds,
Missouri, Kansas & Texas R.R. Co bonds,
New York, Chicago & St. Louis R.R. bonds,
New York, Lake Erie & Western R.R. bonds
New York, Ontario & Western R.R. bonds,
Northern Pacific R.R. Co. bonds,
Oregon Railway & Navigation Co. bonds,.
Pacific R.R. of Missouri bonds,
Pennsylvania Co. bonds, ....
Pennsylvania R.R bonds,
Pittsburgh, Cin., Chic. & St. Louis R.R. bonds
St. Paul, Minneapolis & Manitoba R.R. bonds
Scioto Valley & New England R.R. bonds,
Union Pacific R.R. bonds, ....
Wabash R.R. bonds,
Par Value.
$25,000 00
20,000 00
60,000 00
10,000 00
30,000 00
25,000 00
25,000 00
50,000 00
20,000 00
30,000 00
30,000 00
30,000 00
1,000 00
20,000 00
30,000 00
25,000 00
25,000 00
30,000 00
15,000 00
30,000 00
30,000 00
25,000 00
30,000 00
30,000 00
30,000 00
20,000 00
30,000 00
Market Value.
$24,500 00
20,475 00
69,750 00
14,400 00
30,150 00
22,750 00
27,593 75
50,000 00
22,000 00
35,250 00
35,100 00
30,000 00
1,160 00
17,150 00
31,875 00
36,125 00
24,312 50
28,687 50
13,987 50
31,350 00
34,500 00
28,600 00
33,450 00
32,475 00
24,900 00
23,000 00
32,250 00
$1,326,000 00 $1,413,041 25
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $1,413,041 25
Cash deposited in bank, 62,370 01
Interest due and accrued, ..... 1,000 00
Premiums in course of collection (gross), , 137,994 25
Prem's more than three mos. due, $3,086 16
Gross assets, . . . . . . — ■
Unadmitted.
Special deposits in other States, . . . $102,200 00
Cash not in control of trustees, . . . 62,370 01
Stocks and bonds not in control of trustees, . 189,035 00
Interest, 1,000 00
$1,614,405 51
354,605 01
Balance, $1,259,800 50
Liabilities.
Losses adjusted, unpaid, $8,915 00
claimed and reported, .... 55,795 00
disputed or resisted, .... 15,950 00
422
HAMBURG-BREMEN FIRE INSURANCE CO.
Unearned premiums on outstanding risks
Commissions and brokerage, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ~i
Surplus over capital,
$806,642 70
'24,924 83
$912,227 53
56,369 01
$855,858 52
$403,941 98
200,000 00
$203,941 98
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received, . . .
Interests and dividends received from all sources, .
Gross cash income,
$127,914 79
1,359,027 85
$1,486,942 64
137,994 25
$1,348,948 39
255,384 11
$1,093,564 28
56,231 64
$1,149,795 92
Expenditures.
Cash paid for fire losses, $554,803 24
Deduct salvage and reinsurance, . . . 22,820 95
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, , .
$531,982 29
211,502 71
96,060 41
28,982 28
76,119 37
$944,647 06
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . $131,124,118 00 $1,619,989 61
Fire risks written during 1897, . . 111,693,598 00 1,359,027 85
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
$242,817,716 00 $2,979,017 46
110,169,612 00 1,348,351 66
$132,648,104 00 $1,630,665 80
. 3,580,082 00 42,896 75
Net amount in force, .... $129,068,022 00 $1,587,769 05
Miscellaneous.
Fire losses incurred during the year,
. $548,557 00
HELVETIA SWISS FIRE INSURANCE CO.
423
UNITED STATES BRANCH OF THE "HELVETIA SWISS FIRE
INSURANCE COMPANY," ST. GALL, SWITZERLAND.
Deposit Capital, $200,000.
WEED & KENNEDY, United States Managers.
Office, 29 Liberty Street, New York, N. Y.
Detailed Statement of Stocks
New York State canal bonds, .
United States bonds, .
Lake Erie & Western R.R. bonds,
Milwaukee, Lake Shore & Western bonds,
St. Paul & Sioux City bonds, .
Evansville & Terre Haute bonds,
Long Island R.R. Co. bonds,
Pacific R.R. of Missouri bonds,
Denver & Rio Grande bonds, .
Central Ohio Railway Co. bonds,
Cleveland & Mahoning Valley bonds
Lehigh Valle} 7 Railway Co. bonds,
New York city bonds,
Panama R.R. Co. bonds, .
and Bonds.
Par Value.
$200,000 00
270,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
5,000 00
50,000 00
20,000 00
Market Value,
$204,000 00
314,100 00
5,875 00
6,800 00
6,525 00
5,700 00
5,850 00
5,225 00
5,412 50
4,900 00
6,000 00
5,175 00
53,500 00
20,300 00
$590,000 00 $649,362 50
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Prem's more than three mos. due, . $500 75
Gross assets,
$649,362 50
42 65
117,616 31
3,516 66
73,139 60
Unadmitted.
Cash not in control of trustees,
Balance, .
$843,677 72
2,111 08
$841,566 64
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses, .
Less reinsurance,
Net amount of unpaid losses,
$5,733 54
27,620 47
5,303 95
$38,657 96
613 47
,044 49
424
HELVETIA SWISS FIRE INSURANCE CO.
Unearned premiums on outstanding risks,
Dae and accrued for rent, salaries, etc.,
State and local taxes,
Commissions and brokerage, .
Return premiums, ....
Reinsurance, .....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital, ....
$183,438
19
269
14,164
14,833
760
63
29
75
12
70
Surplus over capital,
Income.
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Interest and dividends received from all sources,
Received from home office, ....
Gross cash income,
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, .
Remitted to home office, . . ,
Gross cash expenditures, .
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
$251,530 86
$590,035 78
200,000 00
$390,035 78
$61,422
456,581
65
15
$518,003
73,640
80
35
$444,363
98,316
45
49
$65,445 00
^346,046 96
22,736 83
,783 79
Total, . . . .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. $103,372 22
3,749 64
$99,622 58
82,397 10
• . « .
>es, .
2,625 00
. . . .
4,913 15
.
14,006 28
$71,287 77
.
$203,564 11
JMS.
Premiums.
. $21,082,129 00
$222,871 17
. 46,867,203 00
456,581 15
. $67,949,332
. 31,500,088
00
00
. $36,449,244
393,595
00
00
$679,452 32
318,371 19
$361,081 13
4,569 73
Net amount in force,
Miscellaneous.
Fire losses incurred during the year,
.$36,055,649 00 $356,511 40
$120,264 00
THE IMPERIAL INSURANCE CO. ( LIMITED).
425
UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE
COMPANY (LIMITED)," LONDON, ENGLAND.
Deposit Capital, $200,000.
J. J. COURTNEY, Attorney.
Office, 33 Pine Street, New York, N. Y.
Detailed Statement of
United States bonds,
New York city bonds,
City of Boston bonds,
City of Providence bonds,
West Shore Railroad bonds,
Lehigh Valley Railroad bonds,
West Virginia State certificates,
County of Essex, N. J., park bonds,
Hudson County, N. J., bonds, .
Stocks and Bonds,
Par Value.
$481,000 00
110,000 00
100,000 00
50,000 00
100,000 00
40,000 00
28,666 67
100,000 00
50,000 00
Market Value.
$539,922 50
109,500 00
103,625 00
52,000 00
109,000 00
41,400 00
860 00
101,000 00
54,500 00
.,059,666 67 $1,111,807 50
Summary of Assets Dec. 31, 1897,
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Rents due and accrued, ....
Other assets, . . . .
Prem's more than three mos. due, $9,341 74
Gross assets,
$476,634 70
1,111,807 50
138,590 85
5,091 66
173,090 56
954 81
3,741 31
255 49
.,910,166 88
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Bills received for fire risks,
Miscellaneous, .
$275,012 50
138,590 85
954 81
255 49
414,813 65
Balance, $1,495,353 23
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
,653 17
74,133 98
10,696 50
$103,483 65
3,170 52
,313 13
426
THE IMPERIAL INSURANCE CO. (LIMITED)
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
Surplus over capital, .
Income
Fire premiums outstanding Dec. 31, 1896,
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
$807,906 48
12,032 81
965 86
$921,218 28
84,538 39
$836,679 89
$658,673 34
200,000 00
$458,673 34
$160,165 67
1,443,262 22
$1,603,427 89
182,432 30
$1,420,995 59
293,683 10
Entire premiums collected, . .
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest and dividends received from all sources,
Income from rents, ....
Gross cash income,
Expenditures.
Cash paid for fire losses, $620,394 68
Deduct salvage and reinsurance, . . . 41,060 61
Net cash paid for fire losses, ....
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals, .....
Gross cash expenditures, ....
Risks and Premiums.
$1,127,312 49
40,082 78
11,325 79
$1,178,721 06
$579,334 07
217,262 01
97,501 11
30,341 35
80,982 23
1,005,420 77
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$159,290,319 00
122,287,580 00
$281,577,899 00
120,874,075 00
$160,703,824 00
10,063,884 00
Premiums.
$1,720,213 49
1,443,262 22
$3,163,475 71
1,419,324 87
$1,744,150 84
107,709 22
$150,639,940 00 $1,636,441 62
Miscellaneous.
Fire losses incurred during the year,
$611,875 00
THE LANCASHIRE INSURANCE CO.
427
UNITED STATES BRANCH OF "THE LANCASHIRE INSURANCE
COMPANY," MANCHESTER, ENGLAND.
Deposit Capital, $200,000.
E. LITCELFCELD, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par "Value. Market Value.
United States bonds, ..... $500,000 00 $562,500 00
Albany & Susquehanna R.R. bonds, . . 15,000 00 17,475 00
Atchison, Topeka & Santa Fe R.R. bonds, . 52,000 00 40,870 00
Baltimore & Ohio R.R. bonds 75,000 00 77,300 00
Brooklyn & Montauk R.R. bonds, . . . 30,000 00 32,100 00
Chicago, Burlington & Quincy R.R. bonds, . 35,000 00 35,700 00
Chicago, St. Paul & Milwaukee R.R. bonds, . 45,000 00 52,875 00
Chicago & Northwestern bonds, . . . 40,000 00 42,000 00
Chicago, Rock Island & Pacific R.R. bonds, . 20,000 00 26,000 00
Chic, St. Louis & New Orleans R.R. Co. bonds, 75,000 00 71,000 00
Chicago, St. Louis & New Orleans R R. bonds, 10,000 00 12,300 00
City of Portland, Oregon, water bonds, . . 50,000 00 57,500 00
Detroit, Monroe & Toledo R.R. bonds, . . 19,000 00 22,990 00
Illinois Central R.R. bonds 45,000 00 44,600 00
Michigan Central R R. bonds, .... 15,000 00 17,850 00
New York city bonds, ..... 100,000 00 106,000 00
N. Y. Central & Hudson River R.R. bonds, . 10,000 00 11,300 00
New York, Lack & Western R R. bonds, . 15,000 00 21,000 00
Northern Central R.R. bonds, .... 11,000 00 11,770 00
North Pennsylvania R.R. bonds, . . . 10,000 00 11,700 00
Ottumwa, Cedar Falls & St Paul R.R. bonds,. 20,000 00 21,800 00
Philadelphia & Erie R R. bonds, . . . 18,000 00 23,670 00
Pennsylvania R.R. Co. bonds, .... 30,000 00 35,100 00
Rome, Watertown & Ogdensburg R.R bonds, 25,000 00 20,375 00
Syracuse, Binghamton & N. Y. R.R. bonds, . 22,000 00 27,500 00
State of Georgia bonds, 25,000 00 25,000 00
St. Paul & Northern Pacific R.R. bonds, . . 22,000 00 28,270 00
St. Paul, Minneapolis & Manitoba R.R. bonds, 50,000 00 50,312 50
Western Pennsylvania R.R. bonds, . . . 10,000 00 10,300 00
County of Essex, N J , park bonds, . . 25,000 00 25,250 00
Chicago, Milwaukee & St. Paul R.R. stock, . 10,000 00 14,250 00
$1,429,000 00 $1,566,657 50
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $385,585 72
Stocks and bonds, as per schedule, . . . 1,566,657 50
Cash in the office of the company, . , . 996 99
428
THE LANCASHIRE INSURANCE CO.
Cash deposited in bank, .
Premiums in course of collection (gross),
Special agents 1 balances, .
Gross assets,
$200,383 97
293,630 01
653 90
$2,447,908 09
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Special agents' balances, .
$251,250 00
48,152 04
653 90
300,055 94
Balance, $2,147,852 15
Liabilities.
Losses adjusted, unpaid, .
claimed and reported,
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses,
Unearned premiums on outstanding risks,
Reclaimable on perpetual tire policies, .
State and local taxes, .
Commissions and brokerage, .
Reinsurance disallowed, ....
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital, .
$65,170 82
144,554 21
23,860 06
$233,585 09
5.001 80
$228,583 29
1,450,770 02
4.002 75
5,000 00
45,000 00
2,586 35
$1,735,942 41
128,078 04
1,607,864 37
$539,987 78
200,000 00
$339,987 78
Income.
Fire premiums outstanding Dec. 31, 1896, . $269,507 43
Premiums on risks written or renewed, . . 2,526,303 51
Total, $2,795,810 94
Premiums now in course of collection . . . 293,630 01
Entire premiums collected, . . . . $!
Less reinsurance and return premiums, .
Net cash lire premiums received, . . . —
Interest and dividends received from all sources,
Income from rents, ......
Deposits received for perpetual fire risks,
Gross cash income, .....
1,502,180 93
524,507 20
>,005 93
,977,673 73
50,869 43
8,292 11
!,036,835 27
THE LAW, UNION AND CROWN FIRE AND LIFE INS. CO. 429
Expenditures .
Cash paid for fire losses, $1,019,309 25
Deduct salvage and reinsurance, . . . 53,401 50
Net cash paid for fire losses, .... • $965,907 75
Cash paid for commissions and brokerage, .... 376,648 66
for salaries of officers and employees, . . 164,728 48
for State and local taxes, . . . . 48,176 91
for incidentals, . . . . . ' . . 137,924 21
Deposits returned on perpetual fire risks, . $ 14 40
Gross cash expenditures, $1,693,386 01
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . $240,152,793 00 $2,689,561 38
Fire risks written during 1897, . . 234,202,375 00 2,526,303 51
Total, |474,355,168 00 $5,215,864 89
Deduct risks expired and terminated, . 210,454,056 00 2,377,057 00
In force at end of year, .... $263,901,112 00 $2,838,807 89
Deduct amount reinsured, . . . 21,650,539 00 184,297 68
Net amount in force, . . . . $242,250,573 00 $2,654,510 21
Perpetual risks in force (not incPd above), . $140,700 00 $4,447 50
Miscellaneous.
Fire losses incurred during the year, ..... $1,007,233 00
UNITED STATES BRANCH OF " THE LAW, UNION AND CROWN
FIRE AND LIFE INSURANCE COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
HALL & HENSHAW, United States Managers.
Office, 35 Pine St., New York City.
Detailed Statement of Stocks and Bonds.
United States bonds, ....
New York city consolidated stock, .
Illinois Central R.R. bonds, . .
Standard Gas Light Co. bonds,
Pitts., Cin., Chicago & St. Louis RR. bonds,
Par Value. Market Value.
$200,000 00 $257,000 00
246,000 00 262,297 50
20,000 00 20,300 00
20,000 00 23,200 00
35,000 00 39,025 00
$521,000 00 $601,822 50
430 THE LAW, UNION AND CROWN FIRE AND LIFE INS. CO.
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Reinsurance,
Agents 1 balances,
Gross assets,
Unadmitted.
Cash not in control of trustees,
Agents 1 balances,
Reinsurance, ......
Balance, . .
Liabilities.
Unpaid losses,
Unearned premiums on outstanding risks,
Commissions and brokerage, .
Reinsurance, ......
Reinsurance disallowed, ....
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital,
Surplus over capital,
Income.
Premiums on risks written or renewed, .
Premiums now in course of collection, .
Entire premiums collected,
Less reinsurance and return premiums, .
Net cash fire premiums received,
Income from all other sources,
Received from home office during the year,
Gross cash income,
31, 1897.
$601,822 50
18,267 50
5,509 47
36,666 67
21,081 11
$18,267 50
21,081 11
36,666 67
$14,810 64
132,162 17
4,764 16
10,455 00
186 42
$214,906 47
5,509 47
$209,397 00
35,865 69
$606,447 50
$683,347 25
76,015 28
)07,331 97
162,378 39
$444,953 58
200,000 00
$244,953 58
$173,531 31
7,275 00
$180,806 31
Expenditures.
Cash paid for fire losses, . . .
for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for incidentals,
Remitted to home office during the year,
Gross cash expenditures, ....
$58,275 00
$10,654 92
52,130 16
1,050 00
1,787 88
369 58
,992 54
LION FIRE INSURANCE CO.
431
Risks and Premiums.
Premiums.
Fire risks written during 1897, . . 124,451,616 00 $214,906 47
Deduct risks expired and terminated, . 2,426,484 00 20,012 94
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
$22,025,132 00 $194,893 53
2,586,702 00 20,441 36
$19,438,430 00 $174,452 17
Miscellaneous.
Fire losses incurred during the year,
$25,466 00
UNITED STATES BRANCH OF THE "LION FIRE INSURANCE
COMPANY," LONDON, ENGLAND.
Deposit Capital, $200,000.
M. BENNETT, United States Manager.
Office, Hartford, Conn.
Detailed Statement of Stocks
United States bonds, .
City of Brooklyn bonds, ....
City of Richmond bonds, ....
Georgia State bonds, ....
Central R.R of New Jersey bonds, .
County of Lucas, Ohio, court house bonds,
Baltimore & Ohio bonds, . . .
Staten Island Railway bonds, .
and Bonds.
Par Value.
$50,000 00
210,000 00
17,000 00
25,000 00
25,000 00
100,000 00
25,000 00
16,000 00
Market Value.
$56,125 00
210,000 00
17,510 00
25,500 00
27,562 50
104,000 00
20,500 00
16,480 00
$468,000 00 $477,677 50
Summary of Assets Dec
Cash value of unencumbered real estate,
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, .
Interest due and accrued, .
Premiums in course of collection (gross),
Gross assets,
31, 1897.
14,500 00
239,637 50
4,653 57
477,677 50
317 66
130,793 53
6,227 08
62,298 91
$926,105 75
* Value of lands mortgaged $201,050 00
Value of buildings thereon, 350,650 00
Amount of insurance held as collateral, .... 278,800 00
432
LION FIRE INSURANCE CO.
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Bonds not in control of trustees,
1203,135 00
1,111 19
10,000 00
|214,246 19
Balance,
11,859 56
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
j
Total amount of losses,
Less reinsurance, ....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, .
Reinsurance disallowed, .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ....
$14,983 80
38,056 91
4,400 00
$57,410 71
4,685 95
$52,754 76
407,994 96
13,536 41
516 63
$474,802 76
33,341 37
Surplus over capital, .
441,461 39
^270,398 17
200,000 00
,398 17
Income.
Fire premiums outstanding Dec. 31, 1896
Premiums on risks written or renewed,
Total,
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other
Income from rents, ....
Income from all other sources,
>,848 19
807,242 11
$867,090 30
62,298 91
$804,791 39
218,290 77
sources,
$586,500 62
10,081 05
15,995 94
284 00
1,825 71
Gross cash income,
$614,687 32
LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 433
Expenditures.
Cash paid for fire losses, . . . . . $352,922 54
Deduct salvage and reinsurance, . . , 49,568 71
Net cash paid for fire losses, . . . . $303,353 83
Cash paid for commissions and brokerage, .... 125,045 37
for salaries of officers and employees, . . . 40,695 18
for State and local taxes, . . . . . 16,127 17
for incidentals, . . . . . . . 41,385 21
Gross cash expenditures, , . . . . . . $526,606 76
Risks and Premiums.
Premiums.
Fire risks outstanding Dec. 31, 1896, . . $67,372,109 00 $842,608 91
Fire risks written during 1897, . . . 71,008,492 00 807,242 11
Total, ....... $138,380,601 00 $1,649,851 02
Deduct risks expired and terminated, . . 61,481,363 00 749,132 88
In force at end of year, . .$76,899,238 00 $900,718 14
Deduct amount reinsured, .... 9,255,52100 110,80881
Net amount in force, ..... $67,643,717 00 $789,909 33
Miscellaneous.
Fire losses incurred during the year, . . . . . $305,325 00
UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
HENRY W. EATON, Resident Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . ..... $1,825,000 00 $2,255,400 00
New York city bonds, 100,000 00 107,500 00
Richmond city bonds, 5,000 00 6,800 00
Boston city bonds, . . . . . . 180,000 00 206,550 00
$2,110,000 00 $2,576,250 00
Summary of Assets Dec. 31, 1897.
Cash value of unencumbered real estate, . $1,745,000 00
Loans on mortgage of real estate (first liens), . 3,674,371 14
434 LIVERPOOL AND LONDON AND GLOBE INSURANCE CO.
Interest due or accrued thereon, . . „ $45,843 17
Stocks and bonds, as per schedule, . . . 2,576,250 00
Cash in the office of the company, . . . 2,342 39
Cash deposited in bank, . . . . . 675,289 71
Interest due and accrued, ..... 6,251 38
Premiums in course of collection (gross), . 940,141 95
Rents due and accrued, . . . . . 13,470 44
Loans on life policies, . 1,700 00
Miscellaneous, ....... 1,204 04
Prem's more than three mos. due, $67,035 10
Gross assets, . . . . . . —
,681,864 22
Unadmitted.
Special deposits in other States, . . . $281,600 00
Cash not in control of trustees, . . . 115,922 10
Real estate not in control of trustees, . . 597,000 00
Interest, 201 38
Miscellaneous, 1,204 04
995,927 52
Balance,
5,685,936 70
Liabilities.
Losses adjusted, unpaid, ....
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, .....
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Reserve on life policies, .
Contingent commission, .
Commissions and brokerage,
Return premiums,
Reinsurance, . .
Reserve "for contingent but not apparent lia-
bilities,
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders,
Deposit capital, . .
$295 00
621,283 00
129,935 00
$751,513 00
195,415 00
$556,098 00
3,889,687 28
325,150 73
96,806 16
40,700 00
112,387 67
72,000 00
52,937 33
50,000 00
55,195,767 17
195,502 72
5,000,264 45
Surplus over capital, .
5,685,672 25
200,000 00
5,485,672 25
LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 435
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected, ....
Premiums on risks written or renewed,
Total
Premiums now in course of collection,
$992,767 29
3,362 52
),404 77
7,083,753 21
^8,073,157 98
990,862 07
Entire premiums collected, . $7,082,295 91
Less reinsurance and return premiums, . . 1,887,749 71
Net cash fire premiums received,
Interest received on mortgages,
Interest and dividends received from all other sources, .
Income from rents,
Deposits received for perpetual fire risks, . $6,590 40
Gross cash income, ........
1,194,546 20
149,505 57
80,271 37
63,073 80
i,487,396 94
Expenditures.
Cash paid for fire losses, $3,018,503 07
Deduct salvage and reinsurance, . . . 373,067 64
Net cash paid for lire losses, .... —
Cash paid for commissions and brokerage, ....
for salaries of officers and employees, .
for State and local taxes, / . .
for miscellaneous, .
Deposits returned on perpetual fire risks, . f 12,041 69
Gross cash expenditures, .......
>,645,435 43
906,018 69
323,986 45
116,464 26
324,964 54
^,316,869 37
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
. $915,606,889 00 $8,223,436 79
748,562,122 00 7,083,753 21
Total,
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
11,664,169,011 00 |15,307,190 00
705,239,849 00 6,823,071 84
$958,929,162 00 $8,484,118 16
89,493,635 00 720,174 28
,435,527 00 $7,763,943 88
Miscellaneous.
Fire losses incurred during the year,
!,684,826 00
436
LONDON ASSURANCE CORPORATION.
UNITED STATES BRANCH OF THE "LONDON ASSURANCE
CORPORATION," LONDON.
[FIRE BRANCH.]
Deposit Capital, $200,000.
CHAS. L. CASE, Resident Manager.
Office, New York, N. T.
Detailed Statement of Stocks and Bonds.
United States bonds, .
Baltimore Belt Railroad bonds,
Central Railroad of New Jersey bonds, .
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago, St. Louis & New Orleans R.R. loan,
Denver & Rio Grande bonds, .
Erie Railway bonds, ....
Lehigh Valley Railway Co. bonds, .
Long Island Railroad bonds, .
Louisville & Nashville Railroad bonds, .
Milwaukee, Lake Shore & Western R.R bonds
Reading Co. & Phila. & Reading C. & I. bonds
Pitts., Cinn., Chicago & St. Louis bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds
Scioto Valley & New England R.R. bonds,
City of Richmond (Va.) bonds,
Carthage, Watert'wn & Sacketts Har. R.R. b'ds
United States Mortgage & Trust Co. bonds,
Brooklyn Union Gas Co. bonds,
Baltimore & Ohio R.R. bonds, .
Centra] Union Gas Co. bonds, .
City of New York cons, stock, .
Par Value.
1630,000 00
16,000 00
40,000 00
50,000 00
8,000 00
30,000 00
15,000 00
30,000 00
45,000 00
25,000 00
25,000 00
15,000 00
25,000 00
55,000 00
30,000 00
50,000 00
50,000 00
35,000 00
30,000 00
50,000 00
50,000 00
47,000 00
Market Value.
$708,750 00
12,800 00
45,000 00
58,625 00
9,600 00
27,300 00
21,675 00
31,350 00
52,650 00
30,625 00
33,250 00
12,900 00
27,875 00
68,900 00
24,900 00
51,000 00
57,500 00
35,000 00
33,600 00
53,500 00
50,500 00
50,290 00
$ 1,351,000 00 $1,497,590 00
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens),
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Cash in hands of special agents,
Gross assets, .....
$28,000 00
1,497,590 00
2,286 70
57,249 72
131,654 58
83 80
$1,716,864 80
LONDON ASSURANCE CORPORATION.
437
Unadmitted.
Deduct special deposits in other States, .
Cash not in control of trustees, ' .
Balance in hands of special agents, .
Balance, ......
$250,687 5Q
5,628 57
83 80
$256,399 87
. |1,460,464 93
Liabilities.
Losses adjusted, unpaid, . . .
claimed and reported, .
disputed or resisted,
Total amount of losses, ....
Less reinsurance, . .
Net amount of unpaid losses, .
Unearned premiums on outstanding risks,
Reclaimable on perpetual fire policies, .
Commissions and brokerage, .
Reinsurance, . . . .
Gross liabilities, except capital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Deposit capital, ......
Surplus over capital, ....
$13,678 44
71,944 03
10,690 50
$96,312 97
3,894 31
$92,418 66
760,584 24
174 80
21,525 39
1,696 17
$876,399 26
58,506 80
817,892 46
$642,572 47
200,000 00
$442,572 47
Income.
Fire premiums outstanding Dec. 31, 1896, » $132,522 53
Premiums on risks written or renewed, . . 1,091,890 90
Total, $1,224,413 43
Premiums now in course of collection, . » 131,654 58
Entire premiums collected, .... $1,092,758 85
Less reinsurance and return premiums, . . 200,928 16
Net cash fire premiums received, . . .
Interest received on mortgages, ......
Interest and dividends received from all other sources, .
1,830 69
1,260 00
58,110 59
Gross cash income, $951,201 28
Expenditures.
Cash paid for fire losses, ....
Deduct salvage and reinsurance,
Net cash paid for fire losses, .
$413,901 55
40,437 67
$373,463 88
438
LONDON ASSURANCE CORPORATION.
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
$169,121 09
81,372 50
24,381 11
59,405 41
Gross cash expenditures, ■ . . $707,743 99
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Risks and Premiums.
Premiums.
$182,959,775 00 $1,602,851 22
128,779,063 00 1,091,890 90
Total
Deduct risks expired and terminated,
In force at end of year, .
Deduct amount reinsured, . .
Net amount in force, ....
Perpetual risks in force (not incl'd above),
$311,738,838 00 $2,694,742 12
135,897,784 00 1,141,127 99
$175,841,054 00 $1,553,614 13
8,057,656 00 66,358 77
$167,783,398 00 $1,487,255 36
$11,200 00 $184 95
Miscellaneous.
Fire losses incurred during the year,
. $405,373 00
UNITED STATES BRANCH OF THE "LONDON ASSURANCE
CORPORATION," LONDON.
[MARINE BRANCH.]
Deposit Capital, $300,000.
WM. GOW, Manager and Attorney.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
New York city water stock,
Boston city bonds,
Brooklyn city bonds, ....
New York city bonds, ....
Cleveland, Cincinnati, Chic. & St. Louis bonds
Chicago & Erie R.R. bonds,
Chesapeake & Ohio R.R. bonds,
Par Value.
$100,000 00
100,000 00
100,000 00
10,000 00
50,000 00
50,000 00
50,000 00
Market Value.
$99,000 00
104,000 00
97,000 00
9,800 00
45,000 00
55,750 00
56,625 00
$460,000 00 $467,175 00
LONDON ASSURANCE CORPORATION.
439
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $467,175 00
Cash in the office of the company, . . . 260 23
Cash deposited in bank, 74,049 83
Interest due and accrued, ..... 5,889 59
Premiums in course of collection (gross), . 77,312 04
Notes taken for marine and inland risks, . 15,327 68
Due from other insurance companies, . . 224 01
Gross assets,
$640,238 38
Unadmitted.
Cash not in control of trustees,
Premiums in course in excess of unearned,
Balance, ......
$260 23
57,605 97
57,866 20
$582,372 18
Liabilities.
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding risks
Commissions and brokerage, . ,
Return premiums, ....
Reinsurance, .....
Reinsurance not allowed, .
Gross liabilities, except capital,
Surplus as regards policy holders, .
Deposit capital, .....
Surplus over capital,
$ 103,038 00
26,652 00
$76,386 00
35,033 75
6,212 27
12 87
17,064 98
20,643 81
- $155,353 68
. $427,018 50
300,000 00
$127,018 50
Income.
Marine premiums outstanding Dec. 31, 1896, .
Premiums on risks written or renewed,
Total, .
Premiums now in course of collection,
Entire premiums collected,
Less reinsurance and return premiums,
Net cash marine premiums received,
Interest and dividends received from all
Received from home office,
Gross cash income, .
$107,223 57
436,169 48
$543,393 05
92,639 72
$450,753 33
83,155 01
sources,
$17,400 19
$367,598 32
18,083 63
$385,681 95
440
LONDON AND LANCASHIRE FIRE INSURANCE CO.
Expenditures.
Cash paid for marine and inland losses, . . $338,533 35
Deduct salvage and reinsurance, . . . 70,296 80
Net cash paid for marine and inland losses, .
Cash paid for commissions and brokerage, . .
for salaries of officers and employees, . . .
for State and local taxes, ,
for miscellaneous, .
Remitted to home office, . . . . . $46,187 90
Gross cash expenditures, ,
Risks and Premiums.
Marine risks outstanding Dec. 31, 1896,
Marine risks written during 1897, .
Total,. ...
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
. $3,213,519 00
. 105,060,639 00
$108,274,158 00
103,703,658 00
Net amount in force, .
Miscellaneous
Marine and inland losses incurred during the year,
,236 55
21,548 42
20,165 64
7,354 06
20,706 48
$338,011 15
Premiums.
$36,876 50
436,169 48
$473,045 98
423,409 70
14,570,500 00
1,327,043 00
$49,636 28
14,602 53
,243,457 00 $35,033 75
$302,538 00
UNITED STATES BRANCH OF THE "LONDON AND LANCASHIRE
FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND.
Deposit Capital, $200,000.
ARCHIBALD Q. McILWAlNE, Jr., Manager.
Office, New York, JV. Y.
Detailed Statement of Stocks and Bonds.
Par "Value. Market Value.
New York city bonds, ..... $120,00000 $119,40000
United States registered bonds, . . . 322,500 00 405,850 00
City of Richmond bonds, 50,000 00 51,000 00
Baltimore & Ohio R R. bonds, .... 100,000 00 90,000 00
Baltimore Belt R,R. bonds, .... 25,000 00 19,750 00
Chesapeake & Ohio R R. bonds, . . . 50,000 00 56,250 00
Cincinnati, Dayton & Ironton bonds, . . 20,000 00 22,050 00
Beech Creek R.R. bonds, 27,000 00 29,025 00
Flint & Pere Marquette bonds, . . . 25,000 00 21,750 00
Chicago, Milwaukee & St. Paul R.R. bonds, . 20,000 00 23,400 00
Central Ohio R.R. bonds, 50,000 00 49,000 00
Chicago & Northwestern R.R, bonds, , . . 50,000 00 58,000 00
Chicago, Rock Island & Pacific R.R. bonds, . 90,000 00 119,700 00
LONDON AND LANCASHIRE FIRE INSURANCE CO.
441
Central R.R of New Jersey bonds, .
Cin , Ind., St. Louis & Chicago R.R. bonds,
Delaware & Hudson R R. Co. bonds,
Lake Shore & Michigan Southern R.R. bonds,
Lake Erie & Western R R. bonds, .
Lehigh Valley R.R. bonds, . .
Milwaukee, Lake Shore & Western bonds,
New York & Harlem River R R. bonds, .
New York, Chicago & St. Louis R.R. bonds,
New York, Ontario & Western bonds,
St Paul, Minneapolis & Manitoba bonds,
State of Georgia bonds, ....
Milwaukee Underwriters' Association stock,
West Shore R.R. Company bonds, .
State of Massachusetts bonds, .
Par Value.
$65,000 00
100,000 00
25,000 00
92,000 00
50,000 00
25,000 00
50,000 00
50,000 00
50,000 00
20,000 00
50,000 00
25,000 00
83 00
80,000 00
200,000 00
Market Value.
$72,312 50
100,000 00
36,000 00
100,970 00
58,500 00
25,625 00
58,500 00
54,500 00
52,750 00
21,300 00
53,625 00
30,037 50
83 00
88,400 00
226,500 00
.,831,583 00 $2,044,278 00
SUMMAKY OF ASSETS DEC. 31, 1897.
Cash value of unencumbered real estate,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Rents due and accrued, . .
Due from other companies,
Prem's more than three mos. due, . $8,577 73
Gross assets, ......
$299,125 00
2,018,011 35
21,013 15
150,932 09
26,058 32
332,522 12
1,249 74
14,966 72
',863,878 49
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
<273,600 00
171,945 21
445,545 24
Balance, $2,418,333 25
Liabilities.
Losses adjusted, unpaid, .
claimed and reported, .
disputed or resisted,
Total amount of losses,
Less reinsurance,
Net amount of unpaid losses, .
Unearned premiums on outstanding
Commissions and brokerage, .
Return premiums,
Reinsurance, ....
risks
$51,806 05
76,133 22
32,817 40
$160,756 67
6,494 79
$154,261 88
1,520,310 26
57,462 84
2,279 40
48,801 46
442
LONDON AND LANCASHIRE FIRE INSURANCE CO.
Reinsurance not allowed, ....
Balances due other companies,
Gross liabilities, except cajDital,
Deduct liability on special deposits,
Surplus as regards policy holders, .
Paid-up capital,
Surplus over capital, ....
Income.
Fire premiums outstanding Dec. 31, 1896,
Same not collected, .....
Net collected,
Premiums on risks written or renewed, .
Total,
Premiums now in course of collection, .
,296 18
378 06
1,784,790 08
109,856 09
$1,674,933 99
1743,399 26
200,000 00
$543,399 26
$311,429 35
844 71
$310,584 64
2,533,037 40
$2,843,622 04
341,099 85
Entire premiums collected, .... $2,502,522 19
Less reinsurance and return premiums, . . 732,080 29
Net cash fire premiums received, . .
Interest and dividends received from all sources, .
Income from rents, .
Gross cash income,
Expenditures.
Cash paid for fire losses, .....
Deduct salvage and reinsurance,
Net cash paid for fire losses, . . . . -
Cash paid for commissions and brokerage,
for salaries of officers and employees,
for State and local taxes,
for miscellaneous, ....
Gross cash expenditures, .
Risks and Premiums.
,770,441 90
81,191 57
15,182 53
,643 67
133,295 07
.,866,816 00
$759,348 60
342,320 67
140,200 69
48,086 57
122,268 55
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total,. .
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force,
Miscellaneous.
Fire losses incurred during the year,
$1,412,225 08
Premiums.
$3,104,090 45
2,533,037 40
$5,637,127 85
2,347,869 80
$3,289,258 05
268,348 17
$391,049,888 00 $3,020,909 88
$392,142,789 00
301,365,972 00
$693,508,761 00
273,780,147 00
$419,728,614 00
28,678,726 00
$769,513 00
MAGDEBURG FIRE INSURANCE CO. 443
UNITED STATES BRANCH OF THE " MAGDEBURG FIRE INSUR-
ANCE COMPANY, 1 ' MAGDEBURG, GERMANY.
Deposit Capital, $200,000.
P. E. RA80R, Manager.
Office, Hartford, Conn.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, $550,000 00 $618,750 00
New York State bonds, 70,000 00 72,100 00
New York city bonds, . .... 45,000 00 48,993 75
$665,000 00 $739,843 75
Summary of Assets Dec. 31, 1897.
Stocks and bonds, as per schedule, . . . $739,843 75
Cash in the office of the company, . . . 690 81
Cash deposited in bank, . 69,864 19
Interest due and accrued, 6,275 00
Premiums in course of collection (gross), . 64,525 57
Due from special agents, ..... 530 00
Prem's more than three mos. due, . $773 84
Gross assets, . . . . . . $881,729 32
, Unadmitted.
Special deposits in other States, . . . $239,062 50
Cash not in control of trustees, . . . 1,217 85
Due from special agents, 530 00
240,810 35
Balance, $640,918 97
Liabilities.
Losses adjusted, unpaid, ..... $2,500 00
claimed and reported, .... 39,461 00
disputed or resisted, .... 3,264 45
Unearned premiums on outstanding risks, . 290,554 37
Commissions and brokerage, . . . 13,447 92
Gross liabilities, except capital, . . $349,227 74
Deduct liability on special deposits, . . 29,144 57
320,083 17
Surplus as regards policy holders, $320,835 80
Deposit capital, . . 200,000 00
Surplus over capital, ..,■... $120,835 80
444 MANCHESTER FIRE ASSURANCE CO.
Income.
Fire premiums outstanding Dec. 31, 1896, . $42,918 86
Premiums on risks written or renewed, . . 644,313 23
Total, $687,232 09 ■
Premiums now in course of collection, . . 65,299 41
Entire premiums collected, . , . , $621,932 68
Less reinsurance and return premiums, . . 111,993 45
Net cash fire premiums received, . . . — $509,939 23
Interest and dividends received from all sources, . . . 17,431 45
Gross cash income, f 527,370 68
Expenditures.
Cash paid for fire losses, $146,484 28
Deduct salvage and reinsurance, . . . 6,024 90
Net cash paid for fire losses, .... $ 140,459 38
Cash paid for commissions and brokerage, .... 109,024 59
for salaries of officers and employees, . . . 42,171 32
for State and local taxes, 10,805 51
for miscellaneous, ....... 55,631 58
Eemitted to home office, . . . . . $ 18,474 99
Gross cash expenditures, $358,092 38
Risks and Premiums.
Premiums.
. $12,878,120 00 $157,792 34
Fire risks outstanding Dec 31, 1896,
Fire risks written during 1897,
Total,. :
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
52,599,579 00 644,313 25
165,477,699 00 $802,105 59
22,624,893 00 255,894 16
.$42,852,806 00 $546,211 43
371,316 00 5,895 20
. $42,481,490 00 $540,316 23
Miscellaneous.
Fire losses incurred during the year, $177,843 00
UNITED STATES BRANCH OF THE "MANCHESTER FIRE ASSUR-
ANCE COMPANY," MANCHESTER, ENGLAND.
Deposit Capital, $200,000.
GEO. W. WENSLEY, Manager.
Office, New York, N. Y.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . . , . . . . $175,000 00 $197,312 50
Citv of New York stock, 200,000 00 .201,500 00
MANCHESTER FIRE ASSURANCE CO.
445
Portland, Oregon, water bonds,
City of Brooklyn bonds, ....
City of Newark water bonds, .
District of Columbia bonds,
Atlanta & Charlotte Air Line R.R. bonds,
Baltimore & Ohio R.R. bonds,, . . .
Beech Creek R.R. bonds, . . . .
Burlington, Cedar Rap's & Northern R.R. b'ds
Central R.R. of New Jersey bonds,
Chesapeake & Ohio R.R. bonds,
Chicago & Eastern Illinois R.R. bonds, .
Chicago, Milwaukee & St. Paul R.R. bonds,
Chicago & Western Indiana R R. bonds, .
Illinois Central R.R. bonds,
Knoxville & Ohio R.R. bonds, .
Lake Erie & Western R.R. bonds, .
Lehigh Valley R.R. bonds,
Louisville & Nashville R.R. bonds, .
Pennsylvania Co. bonds, ....
Northern Pacific R.R. bonds, .
Pennsylvania R.R. bonds,
St. Paul, Minneapolis & Manitoba R.R. bonds
West Shore R.R. bonds, . . . .
Wheeling & Lake Erie R.R. bonds, .
Par Value.
$50,000 00
200,000 00
50,000 00
20,000 00
14,000 00
10,000 00
75,000 00
40,000 00
55,000 00
25,000 00
27,000 00
120,000 00
80,000 00
25,000 00
15,000 00
13,000 00
25,000 00
25,000 00
55,000 00
19,000 00
20,000 00
25,000 00
25,000 00
30,000 00
Market Value.
$58,750 00
198,000 00
58,250 00
23,200 00
17,360 00
8,000 00
81,375 00
42,600 00
61,875 00
28,375 00
35,910 00
148,242 50
96,000 00
25,500 00
17,550 00
15,340 00
26,000 00
25,375 00
63,387 50
18,240 00
20,400 00
27,125 00
27,750 00
23,100 00
$1,424,000 00 $1,546,517 50
Summary of Assets Dec. 31, 1897.
Loans on mortgage of real estate (first liens*),
Interest due or accrued thereon,
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Interest due and accrued, ....
Premiums in course of collection (gross),
Notes taken for fire risks,
Due from other companies,
Prem's more than three mos. due, $19,562 25
Gross assets, ......
Unadmitted.
Special deposits in other States,
Cash not in control of trustees,
Mortgage not in control of trustees,
Interest, . . . . .
Due from other companies,
Miscellaneous,
$350 00
8 20
1,546,517 50
406 79
316,861 89
7,937 50
236,506 18
731 17
5,984 36
$2,115,303 59
$256,062 50
43,368 68
350 00
8 20
3,006 56
2,813 46
305,609 40
Balance, . . . . . . . . . . $1,809,694 19
* Value of lands mortgaged $600 00
446
MANCHESTER FIRE ASSURANCE CO.
Liabilities.
Losses adjusted, unpaid, .
$92,061 57
claimed and reported, . .
73,130 32
disputed or resisted,
57,870 85
Total amount of losses, . . .
1223,062 74
Less reinsurance, .....
19,832 09
Net amount of unpaid losses, .
$203,230 65
Unearned premiums on outstanding risks,
. 1,052,313 55
Due and accrued for rent, salaries, etc., .
1,918 25
Commissions and brokerage, .
41,716 72
Return premiums, .
11,414 17
Reinsurance,
7,380 48
Reinsurance disallowed, . .
5,204 45
Gross liabilities, except capital,
. 11,323,178 27
Deduct liability on special deposits,
85,066 88
$1,238,111 39
Surplus as regards policy holders, .
$571,582 80
Paid-up capital, .....
• • •
200,000 00
Surplus over capital, ....
$371,582 80
Income.
Fire premiums outstanding Dec. 31, 1896,
. $273,754 25
Same not collected, .....
12,000 00
Net collected, .....
. $261,754 25
Premiums on risks written or renewed, .
, 1,786,946 56
Total,
$2,048,700 81
Premiums now in course of collection, .
256,068 43
Entire premiums collected,
$1,792,632 38
Less reinsurance and return premiums, .
451,046 53
Net cash fire premiums received,
$1,341,585 85
Interest received on mortgages,
i • .. a
12 00
Interest and dividends received from all other
sources, .
69,594 50
Gross cash income, ....
$1,411,192 35
Expenditures.
Cash paid for fire losses, ....
$726,397 11
Deduct salvage and reinsurance,
75,914 26
Net cash paid for fire losses, .
— - — >
$650,482 85
Cash paid for commissions and brokerage,
. . .
269,483 67
for salaries of officers and employe
^S, est
110,011 35
for State and local taxes,
1 . • .
57,257 67
for miscellaneous, .
.
76,609 59
Gross cash expenditures, ...
$1,163,845 13
MANNHEIM INSURANCE CO,
447
Risks and Premiums.
Fire risks outstanding Dec. 31, 1896,
Fire risks written during 1897,
Total
Deduct risks expired and terminated,
In force at end of year,
Deduct amount reinsured,
Net amount in force, .
1191,035,950 00
154,134,320 00
$345,170,270 00
148,180,716 00
$196,989,554 00
11,344,791 00
Premiums.
$2,329,376 23
1,786,946 56
54,116,322 79
1,845,736 58
52,270,586 21
167,492 44
$185,644,763 00 $2,103,093 77
Miscellaneous.
Fire losses incurred during the year,
f698,949 00
UNITED STATES BRANCH OF THE "MANNHEIM INSURANCE
COMPANY," MANNHEIM, GERMANY.
Deposit Capital, $300,000.
JAS. JOHNSTONE RILEY, Resident Manager.
Office, New York City.
Detailed Statement of Stocks and Bonds.
Par Value. Market Value.
United States bonds, . ....<. $100,00000 f 112,500 00
New York city stock, 250,000 00 250,000 00
Summary of Assets Dec
Stocks and bonds, as per schedule, .
Cash in the office of the company, .
Cash deposited in bank, ....
Premiums in course of collection (gross),
Notes taken for marine and inland risks,
Gross assets, .....
$350,000 00 $362,500 00
31, 1897.
$362,500 00
395 50
13,691 60
28,405 14
1,877 87
_ _ $406,870 11
Unadmitted.
Cash not in control of trustees,
14,087 10
Balance, $392,783 01
Liabilities.
Losses claimed and reported, .... $45,530 00
Losses disputed or resisted, .... 2,000 00
Unearned premiums on outstanding risks, . 30,107 62
Due and accrued for rent, salaries, etc., . . 250 00
448 MANNHEIM INSURANCE CO.
Commissions and brokerage, .
Reinsurance,
Gross liabilities, except capital,
Surplus as regards policy holders, .
«
1896,
•
*
•
'URES,
;ses,
ge,
iploye
REMIl
$1,742 29
617 35
$80,247 26
$312,535 75
300,000 00
$35,229
550
45
61
Surplus over capital, .
iNCoa;
Marine premiums outstanding Dec. 31,
Same not collected, ....
$12,535 75
Net collected, ....
Premiums on risks written or renewed,
$34,678 84
264,285 13
i
Total,
Premiums now in course of collection,
. $298, 
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